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Kimpton Announces First Parisian Hotel

Kimpton Announces First Parisian Hotel

InterContinental Hotels Group has announced plans to open the first Kimpton hotel in the home of European fashion and design—Paris. Situated in one of the city’s most sought-after districts, near the famous Paris Opéra, the luxury hotel is set to ...

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New Asbury Park Hotel Marks Start of Resurgence

New Asbury Park Hotel Marks Start of Resurgence

Asbury Park, N.J., has a storied history. Founded in 1871 by New York City broom manufacturer James A. Bradley, the 500 acres of shorefront property drew more than 600,000 vacationers annually in the city’s early years. For many years, the ...

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Tourism Spending Remains Bright Spot in Leisure

Tourism Spending Remains Bright Spot in Leisure

NEW YORK—U.S. leisure company growth will decelerate but remain positive for the balance of 2016, according to Fitch Ratings. Tourism spending remains a bright spot for the sector, outpacing total U.S. GDP growth as well as the leisure GDP subcomponent. ...

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Preferred Hotels Joins Forces with UnionPay International

Preferred Hotels Joins Forces with UnionPay International

CHICAGO—Today, Preferred Hotels & Resorts entered into a global partnership with UnionPay International as part of its continuous campaign to court the booming Chinese outbound market by making it easier for travelers to consume the independent hotel experience. Effective through ...

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CWI 2 Acquires San Diego Marriott La Jolla

CWI 2 Acquires San Diego Marriott La Jolla

NEW YORK—Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired San Diego Marriott La Jolla. The hotel includes 372 guestrooms and is ...

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Philly Ready to Host Democratic National Convention

Philly Ready to Host Democratic National Convention

An estimated 50,000 people will descend upon the Democratic National Convention (DNC) from July 25 to 28 in Philadelphia. The event is expected to cost the City of Brotherly Love around $60 million, but the city is expecting major returns—to ...

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