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Who Said That?

" You go in a lot of the competition and it's like Russian roulette. There's really nobody doing it well at this price point."

-- Hilton CEO Chris Nassetta

Hilton is launching a new hotel brand, focusing on budget travelers looking to spend $75 to $90 a night.

The new brand, named Tru, aims to compete with economy and midscale chains like Comfort Inn, Fairfield Inn and La Quinta.

Read more at the AP.