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EVANSTON—The outlook for the nation’s hotels has begun to brighten as the economy recovers, and that has begun to attract an increasing number of investors. The Dow Hotel Company, LLC, for example, has just acquired, in a joint venture with The Carlyle Group’s Carlyle Realty Partners VI, the 269-room Hilton Orrington hotel in Evanston. DHC will operate the hotel and complete an approximately $6 million upgrade over the next 12 months. They will focus on improving the guest rooms, corridors, an upscale lounge, and the meeting and other public spaces.

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