Sunstone Sells Fairmont for $125 Million
Hotel REIT Sunstone Hotel Investors Inc. sold its Fairmont Newport Beach for $125 million. The buyer of this massive deal was not disclosed but is believed to be a China-based entity that is affiliated with Infinity Realty Advisors in Los Angeles. The Business Journal was the first to report that the Fairmont was close to…
Read Article →How to Reduce and Avoid Hospitality Loss
The traveling and hospitality industries are a rather high-risk business due to the risk they run of succumbing to fraud. Hospitality industries run the risk of fraud because of factors like high average ticket amounts and long fulfillment time horizons compound with high average chargeback rates in order to create above average losses to fraud….
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