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La Quinta Files Real Estate Spin-Off—CorePoint Lodging

La Quinta Files Real Estate Spin-Off—CorePoint Lodging

IRVING, Texas—La Quinta Holdings Inc. filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission for the planned separation of its real estate business, the newly-announced CorePoint Lodging Inc., from its franchise and management businesses, La Quinta. ...

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RLJ Lodging and FelCor to Merge into a $7 Billion REIT

RLJ Lodging and FelCor to Merge into a $7 Billion REIT

BETHESDA, Md. – RLJ Lodging Trust and FelCor Lodging Trust Incorporated announced a merger agreement under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. The merger will create the third largest pure-play ...

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A Look at May REIT Lodging Trends

The lodging sector is poised to move up materially in 2016, Canaccord Genuity reports. That being said, the financial services firm prefers names with more attractive growth profiles primarily driven by heavier exposure to select-service and suburban or secondary market ...

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Carey Watermark Acquires Courtyard Times Square West

Carey Watermark Acquires Courtyard Times Square West

NEW YORK—Carey Watermark Investors Incorporated, a non-traded real estate investment trust focused on investing in lodging properties, announced that it has acquired the Courtyard Times Square West, a 224-room select-service hotel in Midtown Manhattan. CWI’s total investment in the property ...

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Carey Watermark Acquires Hyatt Place Austin Downtown

Carey Watermark Acquires Hyatt Place Austin Downtown

NEW YORK—Carey Watermark Investors, a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired Hyatt Place Austin Downtown, a 296-room upscale select-service hotel, for $87 million. The acquisition was financed ...

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Inland American Acquires Two Andaz Hotels

Inland American Acquires Two Andaz Hotels

OAK BROOK, Ill.—Inland American Lodging Group (“IALG”), a wholly owned subsidiary of Inland American Real Estate Trust (“Inland American”), and Hyatt Hotels Corporation announced that IALG has acquired a portfolio of two Andaz hotels for approximately $115 million. The hotels, ...

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