HOSPITALITY: DEFAULTS DECLINE AS OCCUPANCY, ROOM RATES TREND UP
Future Looks Favorable for Purchasing Hotel Properties
Monday, August 15, 2011
Host Hotels’ acquisition of the Manchester Grand Hyatt for $570 million was one of the two largest local hotel transactions of the first half of 2011.
San Diego-based Pacifica Host Hotels was among several buyers that went shopping for properties in the first half of 2011, as the hospitality industry’s performance and financing fundamentals improved significantly from a year ago...
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