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Briefs: How much Dell paid in Boca | PPHE plays FTSE

Price surfaces in Boca Raton deal: Property records reveal how much billionaire Michael Dell paid Blackstone for the 1,047-room Boca Raton Resort & Club earlier this year: It’s  US$461.6 million, according to the Real Deal. That makes it one of the largest hotel sales in South Florida in recent years. Goldman Sachs reportedly provided a US$170 million deal to MSD Partners to finance the purchase. The resort in Boca Raton, Florida, is managed by Hilton under the Waldorf Astoria Hotels & Resorts brand.

Choice aims at corporate traveler: Choice Hotels International stated on Thursday that it seeks to capture an even greater share of corporate travel. The company will launch a new nationwide advertising campaign June 17 that reinforces its commitment to welcoming both business and leisure travelers. “The company is ready to build on our success by demonstrating to business travelers that we’ve invested in everything they want and need—especially in our flagship Comfort brand and upscale Cambria brand,” said Pat Pacious, president and CEO, Choice Hotels. “Our upcoming ad campaign will be the capstone to these investments and signal that we’re open for business, whether that ‘business’ is meeting with clients or attending a family reunion.”

Read further details on Choice’s plan

PPHE joins FTSE 250: PPHE Hotel Group, the international hospitality real estate group with a £1.6 billion portfolio of primarily prime freehold and long leasehold assets in Europe, is going to join both the FTSE 250 and FTSE All Share Indices effective the start of trading on June 24. “Inclusion in the FTSE 250 is another significant corporate milestone for PPHE Hotel Group,” said President and CEO Boris Ivesha. “This is the culmination of much recent corporate activity which has been focused on engaging with a wider potential investor base and improving liquidity. We look forward to continuing to widen our existing strong investor base in the years ahead.”

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