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5 things to know: 29 October 2014

• Fairmont Royal York in Toronto sells for $186.5m • Marriott, Hyatt report Q3 performance • Hard Rock Hotel planned for Dubai • Chartwell Hospitality sells two Nashville hotels • Align skills with needs for a successful repositioning

Alignment is key in hotel repositionings

The most effective hotel repositioning projects are a result of a match between the property’s needs and the owning company’s skill set, said panelists at The Lodging Conference.