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Hilton, IHG bringing new brands into midscale field

Hilton Hotels and InterContinental Hotels Group are venturing into a growing midscale hotel market, challenging the likes of Best Western, Choice Hotels International and La Quinta. Hilton opened the first of its Tru by Hilton series in May, while IHG said last month it would

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Sources: True Value could sell itself for $800M

Retail cooperative True Value is working with investment bankers to explore strategic options, including a sale that could bring in as much as $800 million, sources said. True Value members operate upwards of 4,000 international stores under banners, including its namesake stores, Taylor Rental and

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1 Hotel coming to Hollywood

The James West Hollywood, a hotel that has been under development on Sunset Boulevard in West Hollywood, Calif., is now being branded as the “1.” Read the Hotel Management online

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