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Short-term vacation rental management platform Vacasa announced the completion of a $319M Series C funding round that it said brings its valuation above $1B.
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Many hospitality stocks dropped at least 5% in premarket trading, though there was recovery in the second half of the day.
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Hotel is rebounding, but a cost of living crisis on the horizon is one of the factors that could derail it.
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Business travel is on the upswing, but hoteliers remain cautiously optimistic.
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Debt on the iconic New Yorker Hotel has changed hands, with M&T Bank selling the $106M note it held on the property.
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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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Donations to Eric Adams' 2025 reelection campaign may violate campaign finance laws, according to a new investigation.
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Multiple landlords have filed suit against LuxUrban in the last month, as the publicly traded hotel company battles plummeting share prices.
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