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Marriott Reports Record International Growth in 2017

Marriott Reports Record International Growth in 2017

Bethesda, Md.–Marriott International today announced that 2017 represented its most successful year for signing development contracts outside North America. Last year, the company signed a record 55,000 rooms in international markets, fueled by entry into new markets, record signings in ...

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Wyndham to Buy La Quinta for $1.95 Billion

Wyndham to Buy La Quinta for $1.95 Billion

PARSIPPANY, N.J. and IRVING, Texas—Wyndham Worldwide Corporation and La Quinta Holdings Inc. announced today that they have entered into a definitive agreement under which Wyndham Worldwide will acquire La Quinta’s hotel franchise and hotel management businesses for $1.95 billion in ...

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YOTEL Brings Extended-Stay Brand YOTELPAD to the United States

YOTEL Brings Extended-Stay Brand YOTELPAD to the United States

YOTEL this week announced its new extended-stay brand—YOTELPAD. Building on the design principles of YOTEL and YOTELAIR cabins, YOTELPAD translates luxury serviced apartments into purposefully designed compact homes, known as PADs. YOTELPAD will launch globally with the five projects already ...

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HVMG Sells Embassy Suites Atlanta–Galleria

HVMG Sells Embassy Suites Atlanta–Galleria

ATLANTA—Hospitality Ventures Management Group (HVMG)—an Atlanta-based, private hotel investment, ownership, and management company—announced it has sold the 261-suite Embassy Suites by Hilton Atlanta-Galleria to an unaffiliated third party and retained management of the property. “Having owned and operated the Embassy ...

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