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International Beat 

Dubai’s Big Deal A Hong Kong based investor group, Chow Tai Fook Endowment Industry Investment Development, has purchased $1.9 billion in residential and hotel assets in the stalled Dubai Pearl project, a 20 million sf mixed use development in Dubai.

Regional Outlook 

West Las Vegas’ Big Deal The Cosmopolitan Hotel and Casino brought more than the “just the right amount of wrong” to Deutsche Bank, which sunk $4 billion into constructing and running the 3,000 room property after foreclosing on the original

Market Trends 

Briefly Noted Hospitality — With more money available for construction lending, Pittsburgh has become a mecca for limited service hotels, with the number of rooms increasing more than 1,000 percent since 2007, according to a HotelNewsNow.com analysis of STR data.