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Hotel Brands Tighten Renovation Guidelines

Hotel brands have become stricter with property improvement plans (PIPs), but owners and investors can still negotiate.

CBRE Group, Inc. has announced plans to establish its Global Financial Headquarters at Lever House, 390 Park Avenue, in Midtown Manhattan.

The openings in Shenzhen, Wuxi, and Nanjing bring the total number of MGallery properties in the region to nine, with several more under development.

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