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NEW YORK CITY—In view of the Lodging Industry Investment Council survey that found most respondents expecting further improvement in the availability of debt over the next 12 months, Jake Stahler, SVP of capital markets with Hospitality Real Estate Counselors, tells GlobeSt.com that CMBS has come back to the hotel sector in a big way. “That’s had the effect of driving spreads tighter, which has been good for borrowers,” he says. Mike Cahill, HREC’s CEO and founder and co-chairman of LIIC, produced this year’s survey.

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