Student wins apartment at New York W Hotel. Now pay the taxes

Oviedo, Fla.—(Hospitality Business News) Adam Venckauskas, 21, received an early graduation gift when he learned that he won the 2010 HGTV Urban Oasis, a luxury residence in the heart of New York City’s financial district. The fully-furnished residence, with sweeping vistas of the city’s skyline, was custom-designed by HGTV’s Vern Yip and is part of a grand prize package that includes a new Acura ZDX. Venckausas’ stunned reaction to winning the prize package, valued at approximately $1.5 million, was broadcast around the country during the 

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GM buys hotel near Head Quarters

(Hospitality Business News) — Flush with cash from it’s preferred stock offering, a subsidiary of General Motors Co. has purchased property in a mixed-use commercial site that is across the street from the Renaissance Center, GM’s world headquarters in downtown Detroit.

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