Manhattan On Track For $3B In Hotel Deals In 2013: Report

Law360, New York (June 5, 2013, 5:12 PM EDT) -- With Manhattan's hotel market thriving, the city is expected to see an estimated $3 billion in hotel investment sales by the end of the year and the average price per room of those deals will break records, CBRE Inc. said in a report released Tuesday.

Long a leader in the U.S. hotel market, New York City is particularly hot right now and its deals activity is expected to far outpace that of the next closest markets of San Francisco and Miami, both of which are expected...
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