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Roomer Raises $5 Million in Funding

Roomer Raises $5 Million in Funding

Roomer, a secondary market for nonrefundable hotel reservations, has raised $5 million in a Series A equity investment round. Founded in 2011, the startup, which is basically like a StubHub for hotels rooms, will use the $5 million in funding ...

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Brookfield Terminates Plans to Buy Revel

Brookfield Terminates Plans to Buy Revel

Toronto-based Brookfield Asset Management has terminated its plans to acquire the shuttered Revel Casino Hotel in Atlantic City for $110 million from bankruptcy court, AP reports. The company had intentions to reopen the business as a casino hotel. The withdrawal ...

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Developer Offers $90 Million for Revel

Developer Offers $90 Million for Revel

There still may be hope for the Revel Casino Hotel in Atlantic City, which shut its doors earlier this month. Court papers filed on Wednesday show that Glenn Straub, a real-estate developer, is offering $90 million in cash to acquire ...

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Hotel Fines Couples $500 for Bad Online Reviews

A hotel in Hudson, N.Y., allegedly charges wedding couples $500 for every negative review posted online by their guests, according to reports from the New York Post, Business Insider, and ABC News. “If you have booked the Inn for a wedding or ...

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