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- 1. IFA Hotels & Resorts signs US$300 million deal for New Hotel in New York
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IFA Hotels & Resorts signs US$300 million deal for New Hotel in New York. IFA HR is finalising negotiations on the specific components of the deal, however it confirmed that a hotel will be at the core of its business strategy for the project. The hotel market in New York is the number one in the US in terms of RevPAR. Occupancy levels for Manhattan hotels achieve approximately 85%
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