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Tech Mogul Drops $71.6 Million on Palo Alto Hotel

Larry Ellison, co-founder of Oracle Corp., has purchased a California hotel for $71.6 million–roughly $832,500 per room, according to Silicon Valley Business Journal. The Epiphany Hotel, located in downtown Palo Alto, has 86 rooms. This buy is the latest in ...

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Rambleside Offers $507 Million to Morgans Hotel Group

Rambleside Holdings, a real estate investment firm, has offered to buy two hotels owned by Morgans Hotel Group for $507 million. Morgans is currently in talks to merge with SBE Entertainment Group, according to The Wall Street Journal. Rambleside, which ...

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Gemini Real Estate Files for Bankruptcy

Gemini Real Estate Advisors has filed a Chapter 11 reorganization petition with the US Bankruptcy Court for four of its investments, according to GlobeSt.com. Its assets are the Jade Hotel Greenwich Village, Wyndham Garden, Best Western Seaport, and the Bryant ...

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Sand Hotels Pop Up in Netherlands

Sand Hotels Pop Up in Netherlands

Two pop-up hotels in the Netherlands have been constructed out of sand as part of sand sculpture festivals in Sneek, Friesland and Oss, Brabant. The hotels feature Wi-Fi, running water, windows, and electricity. Inspired by ice hotels, the one room ...

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Market Managers Advise on Papal Visit Preparations

With the papal visit to Philadelphia just weeks away, hotels are preparing for a wave of guests. Expedia’s market managers have been in close contact with hotel partners to provide suggestions on how to maximize success and demand during the ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

AccorHotels has announced the appointment of Amir Nahai to chief executive officer group food and beverage, effective immediately. A member of AccorHotels’ executive committee, he will oversee the food and beverage business worldwide, working closely with regional chief executive offiers ...

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