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Billion-Dollar Hotel Investor Wagers on Business Travel

Dreamscape Cos. has $1 billion for hotel acquisitions, and its CEO, Eric Birnbaum, is looking to bet on a resumption of business travel. So reports The Dallas Morning News.

Working with property manager Aimbridge Hospitality, Dreamscape has already bought Philadelphia boutique hotel Warwick Hotel with an eye on a business clientele.

Hotels owned by real estate investment trusts have seen a 4% increase in net asset values since the end of January.

Read the full article from The Dallas Morning News.

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