WHAT'S THE IMPLICATION OF HILTON/BLACKSTONE?
Sumner Baye is president and partner of the NewYork City-based International Hotel Network.
It should really come as no surprise that the bulk ofrespondents (79%) to last week's Feedback Poll think the mergerfruit is ripe in the hotel sector. The $26-billion buyout ofHilton byBlackstone is only one in an ongoing series of news events thatunderscore the change, maturity and vibrancy of the hotel market.Can anyone say Equity Inns?Commentator Baye gives us his take on the implications of themerger trend as it relates to hotels.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
