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Marriott Completes New York EDITION Sale

Marriott Completes New York EDITION Sale

BETHESDA, Md.—Marriott International, Inc. has announced it has completed the previously contracted sale of The New York EDITION hotel for net cash proceeds of approximately $343 million. Today’s transaction is the last in a series of three sales of Marriott-owned ...

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U.S. Overtakes China as Top Real Estate Investment Market

U.S. Overtakes China as Top Real Estate Investment Market

The United States has overtaken China to become the world’s largest real estate investment market, according to research published by Cushman & Wakefield. With better relative economic growth, quantitative easing, and low interest rates all continuing to encourage investors to ...

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Red Lion Hotels Announces Hotel Sale to Wig Properties

Red Lion Hotels Announces Hotel Sale to Wig Properties

SPOKANE, Wash.—Red Lion Hotels Corporation (RLHC) announced the company has entered into an agreement to sell its hotel in Bellevue, Wash. for $35.4 million to an affiliate of Wig Properties, a property development company based in Bellevue. Wig Properties has ...

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