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AC Hotels Intends to Stand Out in Crowded Segment

AC Hotels Intends to Stand Out in Crowded Segment

When Marriott International unveiled plans to franchise its AC by Marriott brand in the United States in June 2013, the company was trying to fill what it viewed as an unmet need in the marketplace. “We saw an opportunity we ...

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Best Western Board Chairman Shares Keys to Success

Best Western Board Chairman Shares Keys to Success

Danny Patel learned the hotel business from the ground up, starting at a family-owned hotel in Huntsville, Ala. In 1990, he purchased his first hotel in Montezuma, Ga., and launched PeachState Hospitality, a successful family-run hotel development and management company. ...

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Smart Strategies From Hotel Owner Marian Goodman

Smart Strategies From Hotel Owner Marian Goodman

With a background she describes as varied, Marian Goodman brings a wealth of experience to Sky Hospitality, the ownership and management company she runs. Goodman went to school for civil engineering and worked for a big bank during the heyday ...

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Homewood and Home2 Find Favor with Franchisees

Homewood and Home2 Find Favor with Franchisees

Twenty-two years after the successful launch of the upscale extended-stay Homewood Suites by Hilton brand, Hilton Worldwide doubled its presence in the extended-stay category, introducing the midscale Home2 Suites by Hilton in March 2011. In addition to price point, the ...

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Jim Merkel Shares Rockbridge’s Investment Strategy

Jim Merkel Shares Rockbridge’s Investment Strategy

When he was 25, Jim Merkel co-founded Rockbridge alongside his first boss, Ron Callentine. Since 1994, the Columbus, Ohio-based private equity firm has strategically converted or reposi­tioned 325 assets, turning them into top-performing properties by capitalizing on the specific needs ...

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