Slowdown doesn't halt Raleigh company
The News & Observer reports: Workers are caulking and painting and leveling art, adjusting lights -- finishing touches -- at the Renaissance Raleigh Hotel, the tony hotel that opened quietly at North Hills the day after Christmas.
In September 2007, at the tip top of the market, Concord unloaded 20 of its hotels for $440 million. They were among the $75 billion in U.S. hotel sales that year, a total that topped those of the previous two years combined, according to Real Capital Analytics of New York. In 2008, only about $12 billion in U.S. hotel sales were closed.
View the full article on The News & Observer: Slowdown doesn't halt Raleigh company
Posted by: Nina Turner