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NOBLE INVESTMENT GROUP has acquired the Homewood Suites by Hilton Salt Lake City | Downtown in Salt Lake City, Utah. The company, led by Mit Shah as CEO,said the city represents a fast-growing market. The 137-room hotel is in Salt Lake City's central business and entertainment district, according to Noble. The area contains more than 15 million square feet of office space and several corporate headquarters, including Zions Bancorporation, Questar Corporation, and Goldman Sachs. Also nearby are the Salt Palace Convention Center, Vivint Arena, Gallivan Center, Temple Square and the Utah State Capitol. More than 26 million passengers annually pass through the Salt Lake City International Airport, which is 4 miles west of downtown. "Salt Lake City has seen some of the highest in-migration trends leading up to and continuing through the global health crisis," Noble said in its statement. "The city boasts more than ten ski resorts within an hour's drive, as well as more than a dozen national parks and monuments. With its world-class outdoor lifestyle, Salt Lake City is one of the most dynamic leisure and corporate travel markets in the U.S."

THE MAJOR CHALLENGES faced by U.S. hotels are labor, the return of corporate, group and conference travel, the impact of inflation on cost lines and the energy crisis, said Michael Grove, COO of HotStats, in a recent presentation. In the same session at the International Hospitality Investment Forum, panelists debated the best metric by which to measure industry performance. While speaking during a panel session at IHIF titled "Decoding the Data", Grove said that the most pressing issue is fixed costs are being replaced by oncoming growth in the variable areas which changes the dynamic of the cost base. "One of the key items around the average rate growth is what's going to happen when the full business mix returns," Grove said. "We still have a lot more of the lower-rated business to come back-the tours and groups and the other segments. We need to look at the impact on the cost lines themselves, the expense items around the P&L and what impact inflation is having on those, what impact the labor challenge is having.

PEACHTREE GROUP RECENTLY received I-956F approval from the U.S. Citizenship and Immigration Services, the agency overseeing the EB-5 Immigrant Investor Program, for developing a Home2 Suites by Hilton in Boone, North Carolina. USCIS adjudicated the I-956F petition for the hotel development in five months, Peachtree said in a statement. "It is a testament to the due diligence of the Peachtree team that it was able to get the project approved so quickly, especially when the published processing time is over 15 months," said Adam Greene, Peachtree's executive vice president of EB-5. The company, led by Greg Friedman as CEO and managing principal, Jatin Desai as managing principal and Mitul Patel as principal, originated $21.7 million in fixed-rate construction financing over a five-year term for Narsi Properties to develop the 105-room Home2 Suites near downtown Boone, Peachtree said. Narsi Properties is led by Deven, Neel and Rupal Patel as principals.

Jobs Abroad, Work Abroad, International Jobs Online - We all know that Burberry is a luxurious brand for fashion. If a person owns one of their products, a lot of people reacts. If you are given a chance to work with Burberry Group Inc., will you work for them? Burberry Group Inc. is a British luxury fashion house located in London, England. This renowned fashion house focuses on ready-to-wear outerwear, sunglasses, cosmetics, and fragrances.

One of the most respectable groups in the UAE, Sharaf Exchange LLC was established in 1996. It is actually part of Sharaf Group, a highly diversified business with operations in a lot of areas such as Education and Manufacturing, Shipping, Logistics, Travel and Tourism, Financial Services, Information Technology, and Hospitality & Real Estate. As for Sharaf Exchange, it belongs to the Financial Services area.

Jobs Abroad, Work Abroad, International Jobs Online - Are you familiar with the luxury brand Versace? Well, it is actually Gianni Versace S.p.A., an Italian luxury fashion company and brand name founded by Gianni Versace in 1978. It designs and produces lifestyle products such as high-class Italian made ready-to-wear and leather accessories, haute couture, jewelry, eye wear, fragrances, watches, and more. The Versace Group distributes its products worldwide as it has over 200 boutiques in major cities and over 1500 wholesalers global.