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MGM Getting Into Boutique Hotel Business With New Acquisition

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MGM is buying a stake in a New York-based hotel operating company which has 16 hotels open or under construction in New York, Los Angeles, London and other cities

A spokesman for the Las Vegas-based company said the acquisition of the Sydell Group “is part of the next evolution of our growth opportunities.”.

A spokesman for the Las Vegas-based company said the acquisition of the Sydell Group “is part of the next evolution of our growth opportunities.”
 

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