Hoteliers Cherry-Pick Properties As Financing Options Open

Law360, New York (October 1, 2013, 4:42 PM EDT) -- The U.S. hotel deals market has been flooded with one-off property transactions, and attorneys expect the trend to rev up — fueled by easy financing, picky hoteliers caught in a wave of brand-building and a capital markets environment that is attracting the larger portfolios.

While portfolio sales are not exactly a dying breed — see Hersha Hospitality Trust's recent $217 million sale of a 16-hotel package to The Blackstone Group LP — single-asset transactions are gaining favor, experts say. This in large part because buyers find...
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