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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,...

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,...

Marriott, Hilton Announce Penalty for Last-Minute Cancellations

Effective Jan. 1, Marriott International and Hilton Worldwide will stiffen the penalty for last-minute reservation cancellations, The New York Times reports. Customers who fail...

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...

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...
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