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Caribbean Hoteliers Hope For A Better Year

Published Wednesday, February 17, 2010

Different venue. Different market. Same story. The message from last week’s inaugural Caribbean Hotel & Resort Investment Summit in Miami closely echoed the themes everyone heard at the Americas Lodging Investment Summit last month in San Diego. Despite the lousy operating and financial environments, most speakers and attendees at CHRIS struck a note of optimism that business will improve this year and, more importantly, the logjam of expected transactions will soon break. “The region faces a long upward climb,” said Simon Townend, managing director of KPMG Corporate Finance, “but the general view is ...

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