Oversupply Worries In NYC Hotel Market Spook Investors

Law360, New York (November 20, 2013, 7:03 PM EST) -- After a year of blazing growth in new development deals within New York City's hotel market, some investors and private equity players have begun to shy away from the top market due to fears of oversupply, experts say.

While the fundamentals for Manhattan's lodging market — average revenues, occupancy rates and more — continue to be on an upward path, the expectation of a flood of new inventory hitting the market over the next few years has several private equity funds and capital markets players unwilling...
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