Tag Archives: long term

Two upcoming stations in Bankura

KOLKATA: The tourism industry in Bankura is about to get a big boost with the establishment of two state-of-the-art resorts in two different parts of the district. A leading business group which has already invested Rs 200 crore in Purulia over the past five years in lifestyle and leisure projects will now set up an eco-tourism resort with various sports ...

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Grid Protection’s Commitment to Hotel Security Reassures Customers

Tier 1 Contributor BBBEE provides comprehensive services to Hilton International as well as other hotel chains and is the first South African security company to go international. What are customers looking for in a hotel? High quality linens, a breathtaking basement, attentive service and, perhaps most importantly, security that provides complete peace of mind. This is precisely what Grid Protection ...

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US Senator Alex Padilla wants to take over California’s National Project Homekey

The bill could dramatically increase federal funding for two of California’s longstanding issues that have each worsened during the pandemic: homelessness and the affordable housing shortage. “An issue of this magnitude requires an all-hands-on-deck approach,” Padilla said Friday at a former hotel in South Sacramento that had been converted to long-term housing under California’s Homekey project. At the start of ...

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Barclays annual profit nearly triples as bad debts decline

Barclays posted record annual profit for 2021 and returned £2.5billion to shareholders via dividends and buyouts as bad debt charges fell and its investment bank continued its strong performance recent. The British lender announced a pre-tax profit of £8.4bn, which beat analysts’ expectations and nearly tripled from £3.1bn a year ago. Shares of the bank rose 4% in early trading. ...

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BWD refinances long-term loans | News, Sports, Jobs

WELLSVILLE — The latest project in Frederick Heights will end up not increasing the Buckeye Water District’s debt after the utility refinanced some long-term loans. Tax officer Tiffany Chetock reported to the BWD board Thursday morning that the district had refinanced United States Department of Agriculture (USDA) loans through the Ohio Water Development Authority (OWDA). ), which will ...

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[+] Offshore investors tipped to bet big on Australian tourism

Forget to throw another hot shrimp on the barbie. With Australia’s international tourism gateway rapidly opening after nearly two years, CBRE wayne Bunz busy planning a real estate investment party. The veteran trader hints that the big bucks from abroad will be back on the table and will be betting big on Australia as a destination. “Absolutely, that’s why I’m ...

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The Homekey Project works to shelter the rural homeless

CRESCENT CITY, Calif. — On a rainy winter morning, Jamie Hayden stopped to visit Diane Timothio. A case manager in Del Norte County on California’s remote north coast, Hayden often comes in, sometimes staying for hours, to work with Timothio. Work can mean different things: going to doctor’s appointments, feeling comfortable eating out, or listening to Timothio tell stories from ...

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Transform DEME’s long-term loan portfolio into sustainability-related loans

In order to achieve DEME’s sustainability objectives in all aspects of its business, the Group undertook the complete transformation of its long-term loan portfolio and converted them all into sustainability-linked loans. According to DEME, this major commitment underlines their vision of realizing a sustainable future and represents a total loan value of 579 million euros. Basically, the commercial terms of ...

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Visa discounts for students and backpackers are a ‘positive step’ for the accommodation industry

Visa discounts for backpackers and international students introduced by the Federal Government this week have been welcomed by Australia’s Accommodation Association, but the body warns that further support is needed to tackle labor shortages -work in the sector. On Wednesday, Prime Minister Scott Morrison announced fee reductions on visa applications for international students arriving within the next eight weeks and ...

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Developer in California, Matt Day Plan mixed-use project of Hooker Creek on the former KorPine plant site

The 21-acre site could see homes, apartments, senior housing, office / retail space and a ’boutique hotel’ BEVERLY HILLS, Calif. (KTVZ) – A Southern California real estate investment company announced Thursday that it has partnered with Hooker Creek owner Matt Day on a project to create a mixed-use development on the 21-acre site that once housed KorPine chipboard. between downtown ...

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Displaced by the Marshall fire, thousands scramble to find homes in Denver’s tight subway real estate market

Michael and Deanne Pickel live in a Residence Inn in Broomfield. Deborah Mordecai sleeps on her daughter’s sofa. Her 24-year-old son lives with a friend. The cousins ​​welcomed Gladys Forshee to their home in Loveland. And Patrick Kilbride has a niece to thank for letting him stay in his Ken Caryl home. All were moved Thursday when the Marshall fire ...

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Request for apartments in Long Beach Climbs

Onni Group of Cos. plans to redevelop a shopping center at 6500 E. Pacific Coast Highway into a multi-family property. Multi-family properties in Long Beach are in high demand. The area’s apartment occupancy rate was 97.1% in the third quarter of 2021, the highest in 11 years of research provided by Newmark Group Inc.This gain is despite 421 new units ...

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Utah Tourism Industry Bounces Back From Pandemic | Utah News

By K. SOPHIE WILL, The Specter ST. GEORGE, Utah (AP) – As the world nears its third year of the COVID-19 pandemic, there is at least one industry rebounding – travel and tourism in Utah. It is one of the state’s most profitable industries, contributing $ 7.07 billion to the economy and supporting thousands of jobs last year, according to ...

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COVID-19 Litigation: What Hotels Have Learned and How to Mitigate Future Exposure | Rumberger | Church

With travelers returning to hotel destinations across the world, threats of COVID-19 contamination continue to expose the hospitality industry to various legal risks. With more than 2,000 COVID-related cases currently recorded in the United States, the risk remains, particularly in the areas of negligent exposure and work and employment. This article will look at some of the increased legal risks ...

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Over 100 top Middle Eastern hospitality leaders recognized at Hozpitality Group’s 7th Middle Eastern Hospitality Excellence Awards held at Arabian Ranches Golf Club Dubai

DUBAI, United Arab Emirates, December 9, 2021 / PRNewswire / – The sold-out event brought together over 400 top hospitality leaders in Middle East. The glamorous evening included a reception, a great meal and great entertainment, in addition to the awards ceremony. The show was presented by Laura Buckwell. The lake view golf course at the Arabian Ranches Golf Club ...

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Mathias Bergundthal, Director of Assets – Premier Hotels of Cebu Landmasters

Cebu Landmasters (CLI), the leading developer in the Visayas and Mindanao regions of the Philippines, has an impressive track record in several developments, with residential as the core business. Over the past few years, CLI has firmly believed in the hospitality industry, so much so that it has established its own hospitality arm, developing an impressive portfolio of global hotel ...

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Michele Allen sells 28,089 shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH)

Wyndham Hotels & Resorts, Inc. (NYSE: WH) Chief Financial Officer Michele Allen sold 28,089 shares of the company in a transaction dated Thursday, November 18. The stock was sold for an average price of $ 87.21, for a total value of $ 2,449,641.69. The transaction was disclosed in a document filed with the SEC, accessible through this link. NYSE: WH ...

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Marriott pledges to clearly disclose hotel charges

It’s a big win for consumers! Marriott will display the resort fee when booking The concept of hotels charging resort fees or destination fees has become increasingly common in recent years, which is frustrating for consumers: With this practice, hotels generally bundle certain amenities for a fixed rate per night, in order to generate more revenue. One of the main ...

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Fairfield and Hampton hotel-to-apartment conversion projects move forward

The Hampton Inn & Suites in Steamboat Springs should be converted to workforce accommodation.John F. Russell / Steamboat Pilot and Today The Steamboat Springs Planning Commission on Thursday gave local developer Ski Town Commercial LLC the green light to begin moving long-term tenants to the Hampton Inn & Suites and Fairfield Inn & Suites by Marriott early next month. Ski ...

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SoftBank says it could invest an additional $ 5-10 billion in India in 2022 if it finds the right cos

SoftBank, which is among the top investors in India’s tech startup ecosystem, could invest an additional $ 5-10 billion in the country in 2022 if it finds the right companies at the right valuation, according to Rajeev Misra, CEO of SoftBank Investment Advisers. Speaking at Bloomberg’s sixth “Indian Economic Forum 2021”, Misra said SoftBank has been investing in India for ...

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SiteMinder (ASX: SDR) debuts on ASX with an IPO of A $ 627 million and a market cap of A $ 1.36 billion

Strong points: SYDNEY, November 8, 2021 / PRNewswire / – SiteMinder (ASX: SDR), the world’s leading open hotel trading platform, will today begin trading on the Australian Securities Exchange (ASX) under the ticker code “SDR” following an oversubscribed initial public offering (IPO) of AU $ 627 million. (PRNewsfoto / SiteMinder) As part of the IPO, 123,913,043 shares were offered at ...

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New England hotel chain purchase highlights reach of leisure travel trends

Skift take South Florida and California aren’t the only sustainable leisure hotel markets in the United States. Expect more investors like EOS to seek opportunities outside the more popular traditional destinations with hotel funds. Cameron Sperance A New York-based hotel investor’s push into New England leisure markets has ramifications for the industry’s focus on where to park capital. EOS Investors ...

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Certares, Highlands and Monomoy acquire Embassy Suites Atlanta Midtown

Posted: October 25, 2021, 11:23 a.m. EDT|Update: 21 minutes ago NEW YORK, 25 October 2021 / PRNewswire / – Certares Management LLC, a leading investment specialist dedicated to the travel, tourism and hospitality industries (with its subsidiaries, “Certares”), in partnership with Highlands Investments LLC (“Highlands “) and Monomoy Property Ventures LLC (” MPV “), today announced the acquisition of the ...

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Maya Capital and AnaCap acquire office and hotel program in £ 125million deal

Maya Capital LLP and AnaCap Financial Partners have completed the acquisition of 160 Blackfriars Road in Southbank, London. The property consists of a 106,000 square foot office building and a ground floor commercial building currently 50% leased, as well as adjacent land for a licensed hotel project. Maya and AnaCap plan to undertake a major renovation of the existing office ...

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NH employers continue to be plagued by housing shortage

In the spring, Simbex was looking to expand. The Lebanon-based medical device maker hoped to increase its workforce from 32 to 46. The hiring market has been brutal; restaurants, main street stores, and businesses struggled to attract new employees and coax old ones. But Simbex had no trouble attracting employees. The real difficulty was finding accommodation for them. “We would ...

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Abilene Hotel Grand Opening Consolidates $ 80 Million Project

With a turn of a mound of dirt on a frosty Friday morning, the dream of a downtown convention center hotel has finally found itself on solid ground. City officials and guests gathered on North Sixth and Cypress Streets to celebrate what many have called a long-standing victory to bring the project to Abilene’s central business district. About 250 people ...

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Deutsche Hospitality and Porsche Design Group launch unique hotel concept and plan for at least 15 hotels in metropolises around the world / Zeitgeist, Design and Service Excellence | national news

Deutsche Hospitality and the Porsche Design Group join forces to present the Steigenberger Porsche Design Hotels brand, an innovative hotel concept in the Luxury Lifestyle segment. The Steigenberger Porsche Design Hotels combine design, technology and lifestyle at the highest level. The result will be a unique brand experience created from the design philosophy and values ​​of the exclusive Porsche Design ...

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Most of the homeless in the Oceanside voucher program returned to the streets after leaving the hotel

Sea side – As part of the hotel voucher program launched by the City of Oceanside in April, more people have been returned homeless than finding housing and services to keep them off the streets. Deputy City Manager Michael Gossman said 147 people participated in the program, 23 of whom were still at the Mission Avenue hotel. Of the 124 ...

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Sheboygan Food Bank has new breakfast program for the homeless

SHEBOYGAN – Last winter, Santino Laster felt the need to help a large population of less fortunate people who came to the library where he worked. “Just being the person I am, I constantly talked to them and understood what they needed. Sometimes it was a meal here or there, ”Laster said. For weeks, Laster bought people meals or nights ...

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Spire Hospitality Expands Management Team; more staff movements

Spire Hospitality strengthens its management team in a context of growth, and Auberge Resorts Collection has appointed key team members: Spire Hospitality expands its team to adapt to growthSpire Hospitality, a nationally recognized third-party hotel management company specializing in creating value for its hotel investors while delivering exceptional guest experiences and a great place to work, has expanded its leadership ...

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The Star extends to extended stay apartments

Former Tourism Noosa CEO Steve McPharlin has joined The Star Entertainment Group to lead a new business division handling short and long term apartment rentals at its Gold Coast location. The new operational branch was created to internally manage its pool of apartment rentals in The Star residences which will open soon, the pool comprising 422 one and two bedroom ...

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Praise and Concern for the City’s Purchase of the Northbridge Hotel and Adjacent Property

The city has yet to announce an operator for the Northbridge Hotel, which currently houses tenants in around 60 to 65 units. These residents are expected to be housed in the new BC Housing project, but can stay at the hotel for now. Reactions vary following the city’s purchase of the Northbridge Hotel and adjacent property for $ 7.15 million, ...

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Benchmark Global Hospitality and Pyramid Hotel Group announce merger

The combined organization is positioned to be the industry’s most owner-driven experiential management company and an employer of choice. BOSTON, MA and THE WOODLANDS, TX / ACCESSWIRE / September 30, 2021 / Two hotel and resort management companies have joined forces, creating a powerful organization strategically positioned for the future of the global hospitality industry: Reference pyramid. With a global ...

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InvestTT targets $ 50 million investment in fiscal 2022

New Clint Chan Tack 32 minutes ago Franka Costelloe – Picture of Sureash Cholai HAVING attracted over $ 500 million in foreign direct investment (FDI) over the past four years (including last year during the covid19 pandemic), InvesTT aims to attract $ 50 million in FDI and $ 180 million dollars of local investment in Trinidad and Tobago in fiscal ...

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Melbourne hotel deals indicate strong resurgence

Hotel and hospitality assets have become hot commodities in Melbourne despite tough business conditions amid COVID shutdowns, with the hospitality industry experiencing its strongest period of transactional activity in two decades, agents said. For example, the Edwardes Lake Hotel’s freehold interest in the reservoir sold for $ 28 million earlier this month, a day after its expression of interest campaign ...

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Affiliates of Paceline Equity Partners Acquire Two Hotels in Charlotte, NC |

DALLAS – (BUSINESS WIRE) – Sep 28, 2021– Subsidiaries of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced the acquisition of two limited-service hotels in the greater Charlotte area, the Holiday Inn Express & Charlotte Ballantyne Suites and the TownePlace Suites Moulin at Fort Charlotte. The Holiday Inn Express & Suites Charlotte Ballantyne was built in ...

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Soaring summer tourism convinces Lord Elgin to reopen

When Ottawa’s hotel industry recovery took a surprising shortcut last month, the Lord Elgin Hotel stepped up its reopening plan. After being closed for more than 18 months as the pandemic virtually wiped out tourist traffic for most of 2020 and into 2021, the family-friendly downtown hotel will begin welcoming guests on October 1. General manager David Smythe said an ...

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The solution of a city to accommodate the homeless? Buy a hotel

Asheville, NC – It’s the story of three boring buildings. The story of the Days Inn, Red Roof Inn and apartments in Asheville, North Carolina. They are all at the heart of the city’s efforts to tackle long-term homelessness. The story begins with a man named Zack. We are talking about bonsai and sunflowers grown in the windows of the ...

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Nashville State Community College Appoints Thom Druffel Director of Hospitality Program

Nashville, Tennessee – Nashville State Community College has announced that Thom Druffel has been hired as the director and instructor of its hospitality program. Druffel brings nearly 40 years of experience to the local hospitality industry. “My goal is to bring industry best practices in leadership and service into the classroom, so that students have both the knowledge and the ...

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Afghan refugees to be accommodated in a hotel in Devon

A number of Afghan families are to be accommodated temporarily in a hotel in Exmouth. Bridging housing is a temporary measure until individuals and families find long-term permanent housing in locations across the country. Up to 15 families are expected to move into temporary accommodation over the coming week, made up of individual adults and families with young children. They ...

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State finds Chemours non-compliant with GenX air permit

FAYETTEVILLE, NC (AP) – North Carolina environmental regulators announced this week that a plant that for years has released “forever chemicals” into the air and water is currently not in operation. compliance with its air permit. In its letter to Chemours, the Environmental Quality Department warned that it was preparing enforcement action against the company’s Fayetteville Works plant in Bladen ...

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How the Instagram star helped save dozens of Afghanistan

Dozens of desperate Afghans who tried to flee the Taliban before Tuesday’s deadline for the US withdrawal from Kabul managed to reach safety with help from an unexpected location: Instagram influencer Quentin Quarantino . Quarantino is the alter ego of Tommy Marcus, 25, of New York City, previously best known for his liberal memes and jokes about opponents of COVID-19 ...

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Accor appoints COOs for North and Central America

Accor has appointed Sara Glenn and Benjamin Cadwell as COOs, North and Central America. The move reinforces the group’s commitment to invest in world-class leadership and build a solid future for Accor in the region, according to the company. In their new roles, Glenn and Cadwell are responsible for improving operational execution, improving financial results and customer satisfaction, and creating ...

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7 REITs I own and never intend to sell

I’ve been known around The Motley Fool as “The REIT Guy” by many of my colleagues and readers, so it shouldn’t be so surprising that my own stock portfolio is filled with REITs or real estate investment trusts. . In this fool live Video clip, recorded July 16, I discuss my most important REIT positions with my colleague Brian Withers ...

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Police officer helps family in need escape heat, pays hotel

By JD Miles Click here for updates on this story PLANO, Texas (KTVT) – What one family first saw as a case of police harassment had a much different outcome in Plano. In fact, the officer’s actions won him high praise. On one of the hottest days of the summer, Officer Lance Buckley decided to approach a couple with a ...

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Legends invests PFL in a strategic merger

the League of Professional Fighters (PFL) announced a long-term strategic partnership with Captions which will see the premium experiences company take a minority stake in the mixed martial arts organization (MMA). As part of the investment, Legends will help create and execute unique and premium experiences and opportunities for sponsors, partners and fans. The 360-degree partnership will focus on the ...

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UNITE HERE Locals 11 and 40 Call on US Government to Stop Forgiving Westmont Connected Paycheck Protection Program Loans

LOS ANGELES–(COMMERCIAL THREAD) – UNITE HERE Local 11, which represents 32,000 hospitality workers in Southern California, and UNITE HERE Local 40, which has more than 5,000 members in British Columbia, wrote to the US Small Business Administration to demand an immediate end to the cancellation of the $ 34 million loan. in the Paycheck Protection Program (“PPP”) loans linked to ...

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9 Hot Penny Stocks To Watch For The Week Ahead

Are These 9 Penny Stocks Worth Adding To Your Watchlist? With a new week in just a few days, there are plenty of penny stocks to watch out for. Of course, finding the best ones involves understanding what makes them move and how to trade penny stocks. But, with some careful online research and a lot of research, any trader ...

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The 1,080-room Hilton Singapore Orchard to open in January 2022 after major renovation

Hilton to launch new flagship brand hotel in Singapore as Asia-Pacific’s largest Room at the Hilton Singapore Orchard Hotel Hiltonis is set to launch its largest hotel in Asia-Pacific with the opening of the 1,080-room Hilton Singapore Orchard in January 2022. Now open for reservations, the hotel will debut in the heart of downtown Orchard Road in Singapore and will ...

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Dover Marina Hotel offers outdoor bars, music and dancing for summer events

Proposals have been made for a range of events on Dover’s waterfront this summer, including outdoor bars, music and dancing. Dover Marina Hotel has applied for a series of license variations, which could see more action on the beautiful waterfront. The hotel is in a prominent location in the middle of Waterloo Crescent overlooking Dover Harbor and the English Channel. ...

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Nonprofit Converts Los Angeles Motels into Housing for Homeless Veterans

Los Angeles (KABC) – Many veterans are aware that the struggles of post-military life lead them to homelessness. About 3,900 of Los Angeles County’s more than 66,000 homeless people are U.S. veterans, according to the latest data on homelessness in 2020. Efforts are being made to help these vets by renovating unused hotels. For example, the Center Lake Hotel in ...

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Defenders protest against planned transfers of UWS hotel shelters

UPPER WEST SIDE, NY – A group including religious leaders, homeless New Yorkers and activists gathered on the Upper West Side outside the Belleclaire Hotel on Tuesday to protest plans to relocate New Yorkers homeless from hotels to collective shelters. Residents of Belleclaire are expected to move to shelters next week and advocates are calling for the immediate implementation of ...

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