PROPERTY: STRONG METRICS, BUYER DEMAND ARE BOOST TO THE SECTOR
Hotel Recovery Appears to Have Staying Power
Monday, November 26, 2012
The largest local hotel deal of 2012 involved downtown’s Westin San Diego, purchased for $122.8 million by Maryland-based DiamondRock Hospitality Co.
If current patterns hold, industry observers expect San Diego County hotels to continue riding a wave of positive growth trends into 2013, with the region on track for a return to pre-recession peak revenue numbers last seen in 2007...
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