Subject: Palms Casino Resort Sold for $312.5M
From: Meetings Today <[email-masked]>
To: <[email-masked]>
Date: Thu, 12 May 2016 13:40:21 -0400

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May 12, 2016
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NEWS OF THE DAY

Palms Casino Resort to Be Sold for $312.5M ( http://www.meetingstoday.com/NewsEvents/IndustryNews/IndustryNewsDetails/tabid/138/RegionID/231/ArticleID/28336/Default.aspx?topic=886,644 )

Red Rock Resorts, Inc. announced that Station Casinos LLC has
entered into a definitive agreement to acquire the Palms Casino
Resort in Las Vegas for total cash consideration of $312.5
million.

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MIDAMERICA NEWS

New Hotel Hits Chicago's Chinatown ( http://www.meetingstoday.com/NewsEvents/IndustryNews/IndustryNewsDetails/tabid/138/RegionID/216/ArticleID/28334/Default.aspx?topic=2293,644,617 )

The brand-new, 101-room Jaslin Hotel with views of the Chicago
skyline and a location close to McCormick Place, as well as a
five-minute 'el' or taxi ride to downtown Chicago, recently...

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Another Boutique Hotel Planned for St. Louis (via
Post-Dispatch) ( http://www.stltoday.com/business/local/another-boutique-hotel-planned-for-downtown-st-louis/article_b7744d3d-9d1f-5af8-a3a7-a40d2618fb85.html )

A developer from Chattanooga, Tenn., is planning a
multimillion-dollar renovation of a historic downtown St. Louis
building as a boutique hotel. The hotel in the now-vacant LaSalle
Building...

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INDUSTRY NEWS

Canadian Hotel Investment Trust Sold for $1.6B (N.Y.
Times) ( http://nyti.ms/1rUm0hJ )

InnVest Real Estate Investment Trust, which has a portfolio of
109 hotels in Canada, said Wednesday it would be sold to a
Canadian company backed by Hong Kong money for...

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Marriott's Bid for Starwood Challenged Again (via
Bloomberg) ( http://www.bloomberg.com/news/articles/2016-05-10/marriott-s-bid-for-starwood-challenged-in-suit-by-hotel-owners )

Marriott International Inc.'s acquisition of Starwood
Hotels & Resorts Inc. was challenged by the owners of hotels in
Chicago and New York who say the merger would violate exclusivity
agreements.

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Senator Wants Unrestricted Travel to Cuba (via WFMZ) ( http://www.wfmz.com/news/casey-wants-unrestricted-travel-to-cuba-for-americans/39474592 )

U.S. Senator Bob Casey (D-PA) is cosponsoring Freedom
to Travel to Cuba Act, which would allow Americans unrestricted
travel to Cuba. "In December 2015, President Obama announced..."

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Welcoming the World to your Meetings and Events ( http://www.meetingstoday.com/NewsEvents/EventDetails/tabid/104/ItemID/4041/Default.aspx )

Wednesday, May 25th | 1 pm EST

Eli Gorin, COO of Far Horizons Tourism, will
uncover for you the key issues to take into consideration when
expecting international attendees at your next program, such as
creating a welcoming environment, logistical differences and how
to educate key stakeholders on how to welcome their international
guests. Gorin will also look at some essential keys to success
when hosting U.S. attendees at international meetings.

Click here for more information. ( http://www.meetingstoday.com/NewsEvents/EventDetails/tabid/104/ItemID/4041/Default.aspx )

FROM THE ISSUE

Wisconsin's Waterfront Entices with Array of Off-Sites
( http://www.meetingstoday.com/Magazines/ArticleDetails/tabid/136/RegionID/254/ArticleID/28186/Default.aspx?topic=254 )

Meetings magnet Lake Geneva draws high attendance with a perfect
blend of wonderful accommodations and meeting spaces, such as The
Abbey Resort and Grand Geneva Resort & Spa...

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Time-Tested Venues Offer Authentic Cuisine ( http://www.meetingstoday.com/ArticleDetails/tabid/136/RegionID/0/ArticleID/28266/Default.aspx?topic=15 )

As the saying goes, the story of the world is found on the plate,
and that's never truer than today. Courtesy of globalization and
advanced logistics, "local" can describe meat, fish, produce...

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Pull up a chair and dig in to our "Taste of History"
cover story, which serves up some of the top historic fare
offered at storied properties and destinations. Other feature
stories explore how government meeting planners can get off the
hot seat; simple tips to improve attendee engagement; and how
conference center education is being revolutionized around the
globe. Don't forget to check out all of the departments and
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IN THE SPOTLIGHT

Omaha and Council Bluffs Are Loaded with Group Options
( http://www.meetingstoday.com/Magazines/ArticleDetails/tabid/136/RegionID/230/ArticleID/28193/Default.aspx?topic=230,218 )

The inviting metro duo of Omaha, Neb., and Council Bluffs, Iowa,
is a favorite among planners who execute Midwest meetings. The
lineup of lures in place to attract group business to the area
includes...

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MidAmerica Upgrades & Openings ( http://www.meetingstoday.com/ArticleDetails/tabid/136/RegionID/0/ArticleID/28246/Default.aspx?topic=644 )

The Renaissance Chicago Downtown Hotel completed its $32 million
phased renovation. Phase II added a new ballroom with views of
the Chicago River, an additional 4,000 square feet of...

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10 Tips for Better Site Inspections ( http://www.meetingstoday.com/newsletters/friday_with_joan/2016_05_06.html )

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