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Hotel experts at ALIS debated the start of the next recession with some seeing smooth sailing through 2019 and others expecting the downturn to hit by the end of the year.
Experts at ALIS said that the government shutdown was “not insignificant,” estimating it produced a loss of hundreds of millions of dollars and impacted GDP growth.
The company had reported the sale of the 38 properties was valued at an aggregate purchase price of $385.0 million. The amended portfolio sale of 28 properties is now valued at approximately $282.5 million.
As Cody Cannon joins Colliers International Group Inc. as executive managing director/market leader in Greater Los Angeles, he reflects on what to watch this year, pointing out there is room to run before the market truly softens.