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Carlson Hotel Group Acquired by Chinese Conglomerate

​The end of April 2016, marked the end to more than 80 years of Carlson Hotel Group being a family owned hospitality company. Chinese conglomerate HNA Tourism Group acquired Carlson for an unreleased price, which includes at least a portion of Carlson's 51.3% stake in Rezidor Hotel Group. It is still unknown how much of Rezidor HNA will actually ac...
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Greek Hoteliers put assets up for sale

​After Greece's 2015 economic crisis, many hoteliers are putting their valuable assets on the market well below previous market value. In January 2016, 5% of hotel owners put assets on the market. The total cost of these assets is well over €1.7 billion. Some of the hotels are being sold for as low as €250,000 which is less than a two-bedroom house...
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New Delhi’s Taj Mansigh to be Auctioned off

New Delhi's Taj Mahal Hotel, informally known as the Taj Mansigh, is set to be auctioned off after its final lease extension. The lease initially ended in October 2011, but has been extended at least 6 times. The 11 story hotel sits on 3.78 acres and has 294 rooms. The New Delhi Municipal Council finally agreed to the auction in January 2016 but th...
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