IHG reports Q1 global RevPAR up 2.6%
Occupancy at 62%; ADR rose 2%
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Owned by MCR, Island Capital Group LLC and Three Wall Capital JV
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Extensive renovation planned
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Purchased by Robert J. Guidry, Guidry Land Partners and David Bansmer
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Combined 1 Hotel and Embassy Suites
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Enters premium-value conversion space
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289-suite hotel features three F&B outlets
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