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Cambria Hotel & Suites Breaks Ground in Philadelphia

Cambria Hotel & Suites Breaks Ground in Philadelphia

Rockville, Md.—Choice Hotels International, joined Pearl Properties and Concord Hospitality Enterprises Company for the groundbreaking of a new Cambria hotel & suites in Philadelphia, Pa. Located at 219-225 S. Broad Street at the intersection of Broad & Locust Streets, the ...

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Kimpton Hotels Reveals Plans for Tampa Property

Kimpton Hotels Reveals Plans for Tampa Property

SAN FRANCISCO—Kimpton Hotels & Restaurants has announced it will manage a new, luxury lifestyle boutique hotel in Tampa, Fla., that will incorporate a restaurant from Michelin-starred Tuscan chef Silvia Baracchi. The property, which is slated to open in early 2018, ...

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Clear Sailing Forecast for European Business Travel

Clear Sailing Forecast for European Business Travel

FRANKFURT, Germany—Western Europe’s business travel spending is projected to increase to $211.2 billion USD in 2016 and top out at $225.6 billion USD in 2017, 6.3 percent and 6.8 percent growth respectively. Those figures are among the key findings in ...

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Hard Rock Hotel New York to Debut in 2019

Hard Rock Hotel New York to Debut in 2019

Hard Rock International will break ground this year on its first hotel in New York City, CEO Hamish Dodds announced Monday at a press conference at the Hard Rock Café on Broadway. The new-build, 445-room Hard Rock Hotel New York ...

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Provenance Hotel Partners Buys Old No. 77 Hotel

Provenance Hotel Partners Buys Old No. 77 Hotel

NEW ORLEANS—Fresh off its initial raise and roll-up in December 2015, Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans. The seller was a partnership primarily comprised ...

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Hoteliers on Alert After Q1 Occupancy Decline

Hoteliers on Alert After Q1 Occupancy Decline

ATLANTA—The U.S. hotel market suffered a 0.5 percent decline in occupancy during the first quarter of 2016. This is the first year-over-year decline in occupancy since the fourth quarter of 2009 according to STR. Based upon the recently released June ...

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