Hotels Restart Divestiture Efforts

By GlobeSt News Hub

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US-The recent revival of the US hotel market has prompted hotel owners to divest property assets. An expected improvement in occupancy rates and revenue per room in 2010 coupled with buyers loaded with credit and cash is creating a favorable environment for divestitures.

A decline in the number of new hotel openings in the US will lead to larger cash flows for existing hotels thereby increasing property values. For the full story, go to The Wall Street Journal.

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Categories: Northeast, Hotels, Analysis, New York