RE Lawyers See Hotel Market Gaining Steam On The Coasts

Law360, New York (March 27, 2012, 6:45 PM EDT) -- Growing consumer confidence and increasingly healthy occupancy numbers have spurred an uptick in hotel sales and development in New York and Los Angeles in the past few months, indicating that a hospitality renaissance may be on the way for markets in big coastal cities, experts say.

From a flurry of renovations and new developments in Los Angeles to a spike in the number and value of hotels changing hands in New York, hospitality real estate is clearly heating up in these markets. After making a major...
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