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First broadcast: August 24<br>Available until November 23<br>While transaction activity has begun to percolate, the industry is still in the early stages of resolving a wide array of financially distressed investments and deal movement continues to be stifled by the lack of available debt. We asked the acquisition directors of the leading institutions where they plan to place capital and where they are getting good returns from their existing investments.
MIAMI BEACH, FL-Sunstone paid $126.1 million for the 409-room Royal Palm Hotel in Miami Beach. Sunstone picked up the 1545 Collins Avenue property in a foreclosure auction.
We are all being barraged by mixed messages that are making it difficult to assess where we really are in the recovery, and how to map out a go-forward business strategy.