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Crop of conversions renewing New York hotel profile.

Publication: Business Travel News
Publication Date: 06-SEP-04 		Format: Online - approximately 564 words
Delivery: Immediate Online Access

Article Excerpt
Developers are investing in and converting existing New York hotels to offer renewed appeal in what remains a highly competitive market with construction of full-service properties at a minimum. The most recent example occurred in July when Sol Melia Hotels & Resorts, in conjunction with The Rank Group PLC, said it will convert the 600-room Paramount Hotel on West 46th St. to the Hard Rock Hotel New York.

Three conversions completed this summer include The Kimpton Group's 70 Park Avenue Hotel on East...

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