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Vivo Investment Group CEO Dan Norville talks about how his company shifted from hotel to multifamily units at a time when more affordable housing is needed.
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Wyndham Hotels & Resorts announced plans for another 60 hotels under its Echo Suites brand as extended-stay hotels continue to outperform the broader industry.
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The company wants a tax rebate, as well as legal costs and interest.
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The distressed hotel investor has signed master lease agreements with two struggling Times Square hotels.
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Park Hotels & Resorts stopped making payments on a $725M CMBS loan tied to two San Francisco hotels and plans to shed the assets from its portfolio.
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The Doyle Collection hotel group saw turnover and profits almost triple in the year to December 31, 2022, while tourism numbers are up above 2019's volume.
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The publicly traded hotelier is slowing its expansion, its latest filing shows, as unaudited year-end figures show its losses and legal costs increased in Q4.
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Wyndham has once again rebuffed Choice's proposal, calling the latest offer a "step backwards" in negotiation proceedings.
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Host Hotels has business interruption insurance, but the payouts are uncertain.
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Wyndham's leaders said Choice's offer undervalues its growth potential and comes with major business and execution risks.
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