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Hagag Development enters local hotel market
Real estate investor-developer Hagag Development Europe consolidated its operations in Romania by expanding its presence to the hospitality segment. The company has selected Radisson Hotel Group as operator for...
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IHG Hotels acquires Ruby, its 20th brand, and targets global expansion
InterContinental Hotels Group PLC (IHG) has acquired from Ruby SARL the RubyTM brand and related intellectual property for an initial purchase consideration of €110.5 million. Ruby is a premium...