SAN FRANCISCO-At an investors' seminar in San Francisco, consultants analyzed the hotel industry, revealing that any ongoing additions to the lodging supply will likely be completed by the end of 2003, and any further hotel building would be "highly speculative.

LONDON-The European Commercial Mortgage-Backed Securities market came of age in 2001, with a 75% increase in issuance on the previous year. And although the European market is only 40% of the size of the US market, ratings agency Fitch forecasts that it will catch up fast.

SPOKANE, WA- During the fourth quarter, WestCoast's lost $553,000 on an 8.5% decline in revenue. In December, WestCoast acquired Red Lion Hotels and Inns, more than doubling its hotel base to 93. Plans for 2002 include adding at least another 10 hotels.

CHICAGO-The plan commission punches CMC Heartland Partners III, LLC's ticket for a 1,694-unit residential development with more than 50,000 sf of retail space, including a Jewel food store to serve a booming neighborhood northwest of the Loop and commuter rail terminals.