Hospitality Properties to pay $1.9b for rest stops
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Newton-based Hospitality Properties Trust , the owner of 310 hotels, has agreed to buy TravelCenters of America Inc. for about $1.9 billion, adding 161 rest stops along US highways that sell food and fuel to truckers and other motorists.
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In the next 30 to 45 days, Mills Corp. will submit to Wilmington officials formal plans for two, 120-room hotels and a small restaurant on land off Interstate 93 in North Wilmington, according to David Wahr, a regional consultant to the company.
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Dallas-based Ashford Hospitality Trust Inc. (NYSE: AHT ) is buying a 21-property, 4,094-room hotel portfolio for $250 million, including assumed debt.
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Accor, the hotels group, said it had agreed to sell 72 hotels in Germany and 19 in the Netherlands to Moor Park Real Estate for 863 million euros ($1.1 billion). The Novotel, Mercure, Ibis and Etap Hotel properties involved in the transaction represent a total of 12,000 rooms, the company said. Accor will continue to operate the hotels under 12-year variable-rent leases. Accor said it would use the proceeds to reduce debt.
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CHICAGO -- Hyatt Corp. said Thursday it will purchase the 143-unit AmeriSuites hotel chain from affiliates of The Blackstone Group.
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Hotel operator Wyndham International  Inc. WBR.A on Friday said it agreed to sell 25 hotels for  $366 million to a private investment fund managed by Goldman  Sachs Group Inc. GS.N and affiliates of Highgate Holdings.
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Hotel workers' union Unite Here said  on Monday a tentative agreement had been struck with hotel  group Hyatt in Chicago, covering 1,900 workers in four hotels.
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InterContinental Hotels Group Plc, the world&#39;s largest hotel operator, will sell more than half its properties as part of a plan to focus on franchising and return 750 million pounds ($1.
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Trump Hotels and Casino Resorts Inc., struggling to stave off a bankruptcy filing, has reached a preliminary agreement with investors to restructure $1.
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TORONTO -- Luxury hotel operator Four Seasons Hotels Inc. has agreed to accept a $3.37 billion going-private offer from its chief executive and firms owned by Bill Gates and a Saudi prince.
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A group of investors, including Goldman Sachs Capital Partners, is taking a minority stake in the hotel company for $1 billion.
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Hotel operator Wyndham International Inc. (WBR.A: Quote, Profile, Research) on Friday said it agreed to sell 25 hotels for $366 million to a private investment fund managed by Goldman Sachs Group Inc.
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Two leading names in the travel industry were today bought for Â£1.1 billion dollars (Â£563 million) - the second major UK deal by US giant Cendant this month.
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LOS ANGELES A Los Angeles-based investment firm has agreed to buy four properties from Las Vegas-based Caesars and Harrah&#39;s Entertainment for a total of 1-point-24 (b) billion dollars.
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InterContinental Hotels Group is selling 13 hotels in the United States, Puerto Rico and Canada to Hospitality Properties Trust for Â£230 million.
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Revenue from the tourism sector, crucial in financing the current accounts deficit, has passed its target for the year within the first nine months.
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NEW YORK (CBS.MW) -- The Blackstone Group agreed to buy Prime Hospitality Corp., which owns Wellesley Inn and AmeriSuites hotels, for $790 million, including the assumption of debt.