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Aug-09, 2013
Hotel planned on Peachtree next to Phipps
Atlanta Business Chronicle
The first new hotel to rise on Peachtree Road since the Great Recession is being planned next to Phipps Plaza.
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Aug-06, 2013
Blackstone explores $4.5 billion La Quinta sale
Reuters
Blackstone Group LP is exploring a sale of La Quinta Inns & Suites, a budget hotel chain it values at around $4.5 billion (£2.93 billion), a person familiar with the matter said on Tuesday.
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Aug-08, 2013
JM Zell weighs plans for Alexandria hotel at Carlyle Plaza
Washington Business Journal
JM Zell Partners Ltd. is studying plans to build a 240-room hotel at its Carlyle Plaza development in Alexandria that could stand to benefit from the National Science Foundation's planned relocation from Ballston to the city in 2017.
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Aug-08, 2013
Hilton Signs Up Banks for IPO
The Wall Street Journal
Hilton Worldwide Inc. is making preparations for a return to the public markets, choosing four banks to manage a share sale as the hotel group's private-equity owner looks to capitalize on a rebounding real-estate market and strong investor demand for initial public offerings.
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Aug-05, 2013
Billionaire Pritzker Purchases Rest of Commune Hotels
Bloomberg News
Billionaire John Pritzker, the son of the late founder of the Hyatt Hotels Corp. chain, bought the 50 percent of closely held Commune Hotels and Resorts that he didn’t already own for an undisclosed amount.
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Aug-06, 2013
21c Museum Hotels proposes $47.5 million redevelopment of Savoy Hotel and Grill
The Kansas City Star
21c Museum Hotels, has an option to buy the red-brick hotel that opened in 1888 and the 1903 addition housing the restaurant.
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Aug-01, 2013
Songy Partners firm weighing K Street hotel conversion plan
Washington Business Journal
Songy HighRoads LLC is weighing plans to convert an 11-story office building on K Street near McPherson Square into a 160-room limited-service hotel after buying the building from an affiliate of the Retirement Systems of the City of Detroit.
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Aug-01, 2013
Four Seasons Names Prudential’s Smith CEO After Search
Bloomberg News
Four Seasons Hotels and Resorts hired Allen Smith, the head of Prudential Real Estate Investors, as chief executive officer after a five-month search.
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Jul-23, 2013
Antlers Hilton in downtown Colorado Springs facing foreclosure
Colorado Springs Gazette
The Antlers Hilton hotel in downtown Colorado Springs, which has been one of the Pikes Peak region's signature hotel properties throughout its 130-year history, has been hit with a $36.3 million foreclosure notice.
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Jul-24, 2013
Hotel Prices Are Up And Internet Service Is Lousy, But Guests Don't Mind
Forbes
You know you’re doing something right when you raise the price of your product yet customers are the happiest they’ve been in nearly a decade.