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At Concord Hospitality Enterprises, it's all about teamwork. Carl Hren, VP, construction & capital assets, shows us how the Concord team of owners, investors and more than 4,000 associates create the ultimate in guest experiences. Read their story and more in our July/August issue.

CK July/Aug 2015 Cover FC July/Aug 2015 Issue CCR July/Aug 2015 Issue

Today in the news

Nordstrom makes SPACE for new designs
posted on Sep 01 15

Nordstrom will debut a new seasonal in-store boutique dubbed SPACE Thursday at three of its flagship department stores, and roll out the concept at a fourth store next month. Read the Haute Living online story here

Posted by: Mike Pallerino
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American Hotel Income Properties is acquiring railway hotel portfolio
posted on Sep 01 15

American Hotel Income Properties aims to widen its portfolio with five railway lodgings. A $44.8 million acquisition plan has been confirmed and submitted concerning properties in Nebraska, New Mexico, South Dakota and Wyoming. Once the deal is complete, TR Lodging Enterprises Inc. will manage the hotels. Read the SNL Financial story here

Posted by: Mike Pallerino
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Sycamore Partners to pay $3B for Belk department stores
posted on Aug 31 15

New York-based private equity firm Sycamore Partners will acquire 127-year-old family-owned regional department store chain Belk for $3 billion, the companies said Monday. Under the deal, Belk’s headquarters will remain in Charlotte, N.C., and Tim Belk will keep his CEO title. Belk is the first department store acquisition for Sycamore. Read The Charlotte Observer story here

Posted by: Mike Pallerino
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10 years after Katrina, New Orleans’ hotel industry is firing on all cylinders
posted on Aug 31 15

A decade after Hurricane Katrina, the hotel industry in New Orleans has rebuilt and in many ways is better than it was before the storm. Read the HotelNewsNow.com story here

Posted by: Mike Pallerino
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Deutsche Bank agrees to $450 million loan facility for ARC Hospitality
posted on Aug 31 15

American Realty Capital Hospitality Trust has arranged a $450 million loan facility with Deutsche Bank toward the acquisition of three hotel portfolios. ARC’s 44-property deal will cost $739.8 million and increase its holdings to 166 hotels. Read the PR Newswire release here

 

Posted by: Mike Pallerino
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