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In February 2016, Patron sold its stake in the Staybridge Suites hotel in Liverpool to its partner Cycas Hospitality [31] In February 2016, Patron Capital acquired four office buildings (c. 153,000 sq. ft.) at East Point Business Park in Dublin [32]
Staybridge Suites is an all-suite, residential-style brand of hotels owned by IHG Hotels & Resorts. The hotels are primarily targeted toward extended-stay and corporate travelers. Over 220 Staybridge Suites hotels are in the United States, Canada, Mexico, Europe and South America.
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The group's origins lie in the establishment of the South County Hotel (now the Stillorgan Park hotel) in Mount Merrion, Dublin by Pascal Vincent Doyle.He later sold the hotel to finance the development of the more upmarket Montrose hotel near Donnybrook in 1964. [2]
The Royal Penthouse Suite at Hotel President Wilson in Geneva, part of The Luxury Collection, billed at US$65,000 per night, is listed at number 1 on the World's 15 Most Expensive Hotel Suites list compiled by CNN in 2012. [21]
Investment tactics often require big buy-ins and high fees. New tech is lowering the price of entry in fields like direct indexing and private markets.
Small business owners should not forget about a rule — currently in legal limbo — that would require them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN ...
In 2004, IHG acquired the Candlewood Suites brand, a midscale extended stay hotel brand with 108 franchised properties in the United States, for $15 million. [21] [22] IHG divested its soft drink holdings in 2005, selling its 48 percent stake in Britvic for £371 million through an initial public offering. [23] [24]
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