Planned 363 Sale Will Improve the Company’s Financial Position and Strengthen the Brand
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Tropicana Entertainment Inc. (OTCQB: TPCA), a majority owned subsidiary of Icahn Enterprises L.P. (NASDAQ: IEP), announced today that it has entered into a definitive agreement to sell Tropicana’s real estate to Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) and to merge its gaming and hotel operations into Eldorado Resorts, Inc. (NASDAQ: ERI), for aggregate consideration of approximately $1.85 billion.
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Caesars Entertainment Corporation (NASDAQ: CZR) and Meraas Holdings LLC have announced that they have entered into a non-binding letter of intent for Caesars Entertainment to manage two luxury hotels and a beach club at Meraas’ Dubai-based Bluewaters Island development.
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Hilton Garden Inn Umhlanga Arch slated to open in 2020 as part of a major mixed use development project
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Conveniently Located Off Tomlison Parkway and Loop 281
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LaSalle Hotel Properties (NYSE:LHO) today confirmed that it received a revised unsolicited proposal from Pebblebrook Hotel Trust (NYSE: PEB) on April 13, 2018 to acquire LaSalle.
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Converted from an existing office block, the building will be entirely reconfigured with a new facade and rooftop extension to form the 120-room Hotel Indigo Gibraltar.
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Grace Bay Resorts announced last week that it will assume ownership and management of Point Grace, the boutique resort located less than a mile from Grace Bay Club on the award-winning Grace Bay Beach, effective immediately.
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Falcon Hospitality Group announced last week that a $12 million SpringHill Suites by Marriott broke ground for construction in Kansas City, Missouri and is expected to open Q1 2019.
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Capella Hotel Group together with Chinese developer China Gezhouba Group Real Estate, announce the opening of Capella Sanya in the last quarter of 2018. Located along the coastline of Blessed Bay on Hainan Island, Capella Sanya offers 190 rooms, suites and villas across 13.8 hectares.
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