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LOS ANGELES—”I think the peak was in the third quarter of 2014,” Teague Hunter said at ALIS this week. He was talking on the Acquisition Opportunities Outside of Gateway Markets panel, along with Colin Carroll, VP of investments at Ashford; Neil Freeman, chairman and CEO of Aries Capital; Akshay Goyal, VP at Starwood Capital; and Mark K. Owens, EVP and head of hospitality capital markets at CBRE. As Hunter explains, the floating rate market in 3Q14 shutdown and that is where he marks the peak. Today, he says, the spreads have widened, leaving a gap between buyers and sellers on pricing and that is also indicative of a post-peak market.

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