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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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White Lodging Buys Indianapolis Marriott Downtown

White Lodging Buys Indianapolis Marriott Downtown

MERRILLVILLE, Ind.—The original developer of the Indianapolis Marriott Downtown closed last week on the purchase of the hotel, reacquiring a property it developed and opened more than 15 years ago. Affiliates of White Lodging Services Corporation and REI Investments purchased ...

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Hawkeye Hotels Buys Omni Majestic Hotel

Hawkeye Hotels Buys Omni Majestic Hotel

ST. LOUIS, Mo.—The independent hotel known as Omni Majestic Hotel has been sold to Hawkeye Hotels, a privately held hotel group headquartered in Coralville, Iowa. The company purchased the property for an undisclosed amount and plans to completely refurbish and ...

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Ten-X Closes on $190 Million in Assets in First Quarter

Ten-X Closes on $190 Million in Assets in First Quarter

IRVINE AND SILICON VALLEY, CALIF.—Ten-X announces its hospitality division has closed on 50 assets totaling $190 million from January 2016 through May 2016 on the on the Ten-X Commercial online platform. The Ten-X hospitality division’s momentum follows a record-setting 2015, ...

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