6/14/2004

The owners of Raleigh, N.C.'s cylindrical Clarion Hotel have given the property an $8 million renovation, but the hotel faces competition from several new projects that are in the works. New hotels planned for the area include a 400-room, $58 million Marriott to open in 2007 and a 240-room Renaissance Raleigh Hotel set to open in 2005.

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