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More Hipster Havens?

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Get ready for more trendy hotels, as investor Allen Gross—who looks like he couldn't tell his Stumptown from his Starbucks—has just formed a hotel-focused private equity firm. Partner Bruce Blum says, "GB Lodging will be a nimble, hotel value enhancement vehicle that will leverage its boutique and branded DNA to capitalize on special situations as this next cycle evolves." That sounds pretty corporate, man. [The Real Deal]