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NEW YORK CITY-Back in January, most in the hospitality industry had an optimistic outlook for the coming year. After all, nothing could really be worse than the pits of 2009. However, as we plough through Q3 of 2012, it seems that those in the know – at least with Marcus & Millichap’s research team – caution that while hotel metrics are up, year-end figures may not be as high as optimistically indicated in Q1.

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