Wednesday, March 3, 2010

Hotel Deals to Rise, Thanks to Lender Transactions

Here's a great article that I think will ring true in 2010.  And yes, I joined a crowd once in grumbling/booing at Mr. Reay's gloomy predictions for years of hardship to come in the hotel market.  Of course, it was not the news anyone wanted hear (even if we believed it), and I recognized that Mr. Reay was taking too much pleasure in accepting the new "gloom and doom" spokesperson role for the industry.  But the fact that others have been so slow to recognize and address the problems that led to so many distressed hotels and so few transactions means that Atlas Hospitality has rightfully earned its spot as the top-quoted group in trade articles about how stale the market had become.  So without further ado....

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