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5 things to know: 2 July 2015

Louvre, Magnuson sign distribution agreement
Carey Watermark, Gencom acquire third Ritz-Carlton
Ashford Trust buys W Atlanta Downtown for $56.8m
Owners seek relief from rising property taxes
Trump latest hotel group reportedly hacked

Overtime rule could hurt US hotel employees

The U.S. Department of Labor will extend overtime protection to nearly 5 million white collar workers. The rule could have unintended consequences for the hotel industry, sources said.