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AccorHotels Purchases Three Hotel Asset Portfolios

AccorHotels Purchases Three Hotel Asset Portfolios

Under HotelInvest, AccorHotels has announced the purchase of three hotel asset portfolios in Europe representing 29 hotels (3,677 rooms), for a total of approx $300 million. “Following the recent acquisition of 43 hotels from Foncière des Régions, these transactions once ...

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St. Regis Hotels Debuts in Dubai

St. Regis Hotels Debuts in Dubai

DUBAI, United Arab Emirates—St. Regis Hotels & Resorts, part of Starwood Hotels & Resorts, Inc., today announced the debut of the St. Regis brand in Dubai with the opening of The St. Regis Dubai. Owned by Al Habtoor Group, the ...

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Canopy by Hilton Coming to Baltimore

Canopy by Hilton Coming to Baltimore

BALTIMORE—Canopy by Hilton and Beatty Development Group announced today plans to develop Canopy Baltimore|Harbor Point. Canopy by Hilton, which launched a year ago, targets vibrant, culturally rich neighborhoods in select cities across the nation. Canopy Baltimore|Harbor Point will feature a ...

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Transient Segment Grows as Group Bookings Decline

Transient Segment Grows as Group Bookings Decline

NEW YORK—As hoteliers prepare for the start of 2016, properties in major North American markets are experiencing strong transient (individual business and leisure) bookings, as well as upticks in average daily rates, leading to strong RevPAR (revenue per available room) ...

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