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Brookfield Terminates Plans to Buy Revel

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, AP reports. The company had intentions to reopen the business as a casino hotel. The withdrawal ...

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12 Hotel Companies Earn Perfect Score on Corporate Equality Index

12 Hotel Companies Earn Perfect Score on Corporate Equality Index

Several hotel companies were named among America’s top corporations for LGBT equality by earning a perfect 100 percent score on the Human Rights Campaign’s (HRC) 2015 Corporate Equality Index (CEI). Companies with perfect scores in the “Hotels, Resorts and Casinos”category include Caesars ...

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IHG Said to Seek $1 Billion For Hong Kong Hotel

IHG Said to Seek $1 Billion For Hong Kong Hotel

InterContinental Hotels Group is seeking at least $1 billion from the sale of the InterContinental Hong Kong Hotel, according to a Bloomberg report. The company hired Jones Lang LaSalle to find a buyer for the Hong Kong hotel, people with ...

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Trump Taj Mahal Will Likely Close Dec. 12

Trump Taj Mahal Will Likely Close Dec. 12

Trump Entertainment Resorts intends to close the 2,000-room Trump Taj Mahal in Atlantic City on Dec. 12, lawyers said Friday, making it the fifth of the city’s 12 casinos to shut down this year. The company had filed for bankruptcy ...

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