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Apple REIT merger creates 188-hotel REIT

Apple REIT merger creates 188-hotel REIT

Three Richmond-based real estate investment trust companies (REITs) are being merged into one, creating one of the largest REITs in the U.S. with 188 hotels and 23,490 rooms across the country. The deal to merge Apple REIT Seven Inc., Apple ...

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Choice Builds Up European Footprint

Choice Builds Up European Footprint

Choice Hotels has accelerated it’s European expansion by opening 11 properties in the England, Ireland, France, Germany and Italy since October 2013. The five new properties in England include a Quality Hotel in Birmingham and one in Wolverhampton, a Comfort ...

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Hilton Considering Sale of New York Waldorf Astoria

Hilton Considering Sale of New York Waldorf Astoria

Hilton Worldwide is looking to sell all or part of the historic Waldorf Astoria in Manhattan. In a phone interview with Bloomberg Businessweek on Thursday, Hilton CEO Christopher Nassetta said, “We may look to reposition the hotel,” but the company ...

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Strategic Hotels’ Shares Rise Above 2008 Levels

Strategic Hotels’ Shares Rise Above 2008 Levels

While most hotel companies saw very positive gains in 2013, buoyed by strong fourth-quarter results, Strategic Hotels has had a better-than-expected trajectory. According to this report from Crain’s Chicago Business the Chicago-based real estate investment trust reported funds from operations ...

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