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Your complete design, construction and facility operations information source for major commercial construction.

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Jessica Fougner, director of design, and Akira Bryson, director of construction, give us the lowdown on Flywheel Sports' commitment to new technologies and sustainable construction practices. Read their story in our November/December 2015 issue.

http://ccr-mag.epubxp.com/i/614058-nov-dec-2015

Today in the news

Hersha sells stake in 7 Manhattan hotels for $571.4M
posted on Feb 09 16

Hersha Hospitality Trust is selling a 70% stake in seven of its Manhattan hotels to Chinese investment firm Cindat Capital Management for $571.4 million. Hersha will use some of the $300 million in proceeds from the transaction to acquire assets including The Ritz-Carlton Georgetown and Hilton Garden Inn on M Street, both in Washington, D.C. Read the Bloomberg story here

Posted by: Mike Pallerino
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N.Y. targeted for 10 Starwood “Specialty Select” hotels
posted on Feb 09 16

Starwood Hotels & Resorts Worldwide plans to open 10 new properties in New York state under its Aloft, Element and Four Points brands by the end of 2018, most in New York City. The recently opened Four Points New York Downtown is among more than 200 in that group of Starwood’s “Specialty Select” brands. Starwood opened a record 105 hotels in 2015. Read the BusinessTraveller.com story here

Posted by: Mike Pallerino
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Slowdown, but not downturn, predicted for 2016
posted on Feb 08 16

A slowdown in growth is likely after the outstanding RevPAR performance of 2015, but it should remain vigorous over the near term, industry experts generally concurred at the recent Americas Lodging Investment Summit. A lagging stock market and disappointing New York City and Houston figures were seen as overrated sources of worry. Read the HotelNewsNow.com story here

Posted by: Mike Pallerino
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Six Senses plans to add up to five resorts by end of 2017
posted on Feb 08 16

Six Senses Hotels Resorts Spas is planning to add up to five resorts to its portfolio in the next two years. Since opening its first new hotels since the Pegasus purchase last year in China and in Portugal, Six Senses also opened spas in hotels outside of its brand. It is actively looking for properties in the United States. Read the HotelNewsNow.com story here

Posted by: Mike Pallerino
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AccorHotels eyes 85 European hotels for divestment
posted on Feb 08 16

AccorHotels is negotiating the divestment of 85 hotels it owns or leases in Europe, creating a company in which it would hold a 30% stake. Eurazeo would command 70%, and another investment partner might be added. This part of AccorHotels’ portfolio is valued at $158 million. Read the SNL Financial story here

Posted by: Mike Pallerino
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