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Extended Stay America Expects IPO to Reach $500 Million

When Extended Stay America, owned by Blackstone Group, Centerbridge Partners LP and Paulson and Co., filed plans for an initial public offering back in July, the company filed with a placeholder amount of $100 million. But according to this report ...

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Security Lacking at Las Vegas Hotels

Just because casinos in Sin City have some of the most advanced security in the world doesn’t mean that the guestroom corridors in casino hotels are equally equipped. In fact, according to this report from the Business Insider, 23 of ...

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Hawaii Hotels Bring in $1.42 Billion This Summer

Even if some hotel markets are still in a sluggish recovery mode, Hawaii hotels are seeing big gains. According to this article from Pacific Business News, Hawaii hotels achieved a record level of revenue this summer, pulling in $1.42 billion. ...

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Red Cross to Help Sandy Victims Extend Hotel Stays

On Friday, New York City ended its funding program that was providing housing aid to help those affected by Superstorm Sandy. Nearly 300 people are still displaced from the storm, and were staying in New York City hotels. After funding ...

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Wedding Crashers Costing Hotel Industry

Weddings are big business for hotels, as partygoers book up event space and blocks of guestrooms get sold to guests. But it looks like crashers are starting to cost the hotel industry, according to this report from CNBC. Hotels often ...

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