Last Updated: December 14, 2011 12:25pm ET

Say Goodbye to $500,000 Per Key Hotel Pricing

By Erika Morphy

WASHINGTON, DC-Host Hotel’s decision to back out of its Grand Hyatt buy is not good news for the economy, and it means we won’t see $500,000 per key pricing again any time soon. Few, though, expect the area’s hotel sector to reverse recent trends.

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