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Mar-12, 2012
Dubai owner mulls sale of New York's Essex House
The Wall Street Journal
The Dubai owner of Jumeirah Essex House, the art deco hotel perched prominently on the edge of New York's Central Park, said Monday it is putting the property up for sale.
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Mar-05, 2012
Mandarin to manage The Mansion
Atlanta Business Chronicle
Mandarin Oriental Hotel Group has signed a contract to manage The Mansion on Peachtree, according to a source familiar with the deal.
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Mar-05, 2012
Hotels Try Harder to Woo Business Customers
The Wall Street Journal
"The customer is always" right may be a cliché, but it has never been truer than it is now, especially when it comes to frequent travelers. Hotels in the world's business cities are so keen to attract the corporate pound, euro or dollar that they are prepared to do almost anything corporate globetrotters demand. And if that means items that were once seen as extras are now included in the room rate, that's what they will provide.
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Mar-04, 2012
Hotels Sales to Rise Again
The Wall Street Journal
Despite the cool-down in Manhattan hotel sales in the second half of last year, hotel brokers anticipate that momentum will be restored as New York continues to outperform the rest of the market in occupancy and rate growth.
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Mar-03, 2012
Ritz sale is near deal
New York Post
Cappelli Enterprises is close to reaching a deal to sell the 146-room Ritz-Carlton Westchester hotel in White Plains, NY. The Valhalla company, which is said to be well-advanced in negotiations with a prospective buyer, developed the Ritz-Carlton as part of its 940,000-square-foot Renaissance Square mixed-use complex in downtown White Plains.
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Mar-02, 2012
Marriott International Sued by Eden Roc Over $200 Million Hotel Renovation
Bloomberg
Marriott International Inc. (MAR) was sued in New York state court for breach of contract over the $200 million renovation of the Eden Roc Renaissance Hotel in Miami Beach, Florida.
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Mar-01, 2012
Hotel tower may join skyline
The Boston Globe
One of Boston’s most prominent hoteliers is planning a tower that could rise to 35 stories near Copley Square, adding another signature peak to the city’s skyline and contributing to a flurry of building activity in the Back Bay.
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Mar-01, 2012
Hotel chain 'can't find UK staff' as foreign workers take most jobs
The Telegraph
Just 40pc of the group’s 2,300 jobs in the UK are held by British nationals, according to the company’s people director, Mike Williams. The rest are largely given to Eastern Europeans from Latvia, Slovakia and Poland, he says.
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Feb-28, 2012
Seattle fund urges sale of Spokane-based Red Lion Hotels
The Seattle Times
Columbia Pacific Opportunity Fund, which owns nearly 29 percent of Red Lion, wrote to Red Lion's board Tuesday to say it's been approached by "several financial and strategic parties" who indicated interest in buying the company or its assets.
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Feb-24, 2012
Extended Stay Taps Starbucks Veteran as CEO
The Wall Street Journal
Extended Stay Hotels, the large hotel chain that emerged from bankruptcy proceedings in 2010 with new owners, has hired Starbucks Corp. veteran Jim Donald as its chief executive.