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DALLAS-Commentary from Ashford Hospitality Trust and FelCor Lodging Trust during their Q3 earnings calls was generally positive, focusing on improved RevPAR and ADR in their portfolios. Executives on the calls, both of which took place Nov. 1, also discussed solid EBITDA growth and an optimistic outlook in the hospitality industry.

Monty Bennett, CEO with locally based Ashford Hospitality, had positive things to say about the company’s improved RevPAR performance (overall increase of 5.9%). “Looking ahead, PKF Hospitality Research continues to forecast strong RevPAR growth for U.S. hotels, a 6.2% in 2013 and 8.8% in 2014. A key factor in this growth is relatively low new supply due to the limited availability of hotel construction financing,” he commented. He goes on to say, in fact, that PKF’s supply forecast has decreased recently; with supply growth in 2013 anticipated to be 0.8% and 1.3% in 2014. “Given these favorable trends, we believe we are not even at the halfway point in this cycle, and maintain that this period appears to be a very attractive time to invest in lodging stocks,” Bennett noted.

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