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Maryland-based REIT $DRH said it completed the sale of the Hilton Garden Inn Chelsea / New York City for $65MM to an affiliate of a China-based entity. The sale price represents a 13.5 times multiple on the hotel's adjusted EBITDA and a 6.6% capitalization rate on net operating income for the trailing 12-month period ended March 31, 2016.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!