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Bill Gates fund reports stake in Strategic Hotels (Reuters via Yahoo! News)
Billionaire Bill Gates's Cascade Investment on Monday reported a 5.6 percent active stake in Strategic Hotels & Resorts Inc .
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Starwood Hotels shares drop with broader market (AP via Yahoo! Finance)
Shares of Starwood Hotels & Resorts Worldwide Inc. dropped sharply with the broader market on Monday as concerns about economic deterioration continued to weigh on lodging stocks, despite one analyst's optimism about Starwood's new brands.
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Hawaii hotels hit hard by tourism slowdown (AP via Yahoo! Finance)
A new report says Hawaii hotels lost $136 million in total revenue during the usually busy summer months, a 10.5 percent drop compared to the same three months last year.
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Gujarat Hotels Q2 Net Rises (Nasdaq)
(RTTNews) - Gujarat Hotels stated that the net profit for the second quarter ended September 30, 2008 rose to Rs.55.10 lakhs from Rs. 46.90 lakhs in the same quarter last year. Total income increased to Rs.90.70 lakhs from Rs.76.50 lakhs in the year ago quarter.
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CARLSON HOTELS WORLDWIDE — ASIA PACIFIC TO QUADRUPLE ITS HOTELS IN THAILAND WITHIN TWO YEARS (Thaipr.net)
Four hotels are scheduled to open in Bangkok under the CHW-AP portfolio by the end of 2010. This includes the Radisson Hotel Bangkok Sathorn, a 436 room property located in the business district and c
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Interstate Hotels & Resorts to Hold Third-Quarter 2008 Earnings Call on November 5 (PR Newswire via Yahoo! Finance)
Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent operator of full- and select-service hotels, today announced that the company will release third-quarter 2008 financial results on Wednesday, November 5, 2008, before the market's opening.
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Hawaii Hotels Hit Hard By Tourism Slowdown | businessweek.com (Hospitality Net)
A new report says Hawaii hotels lost $136 million in total revenue during the usually busy summer months, a 10.5 percent drop compared to the same three months last year. Hospitality Advisors LLC says room revenues declined by $92 million with another $44 million in revenue losses from food and beverage, retail, spa and other areas.
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Bill Gates’s Cascade Ups Stake in Gamco, Strategic Hotels (New York Times)
Bill Gates’s investment firm, Cascade Investment , is on the move. Cascade’s announcement that it had raised its stake in Gamco from 10.4 percent to 18.9 percent through the purchase of a $60 million convertible note, sent shares of the asset manager up as much as 15 percent.
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Hotels get on board with the railroad (USA Today)
Railway ridership is soaring in these days of pricey gas and high airfares. Now hotels are getting onboard with the trend. The Kimpton chain has a “Ride the Rails” promotion available at properties in New York, Boston and D.C. Guests...
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Hotels' frequent-stay plans gain steam as airlines grow stingier (USA Today)
Faced with a weak economy and high travel costs, members of hotel frequent-guest programs are cashing in points for free rooms at a record rate.
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