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We're Still Building

Published Thursday, May 15, 2008

Despite a troubled U.S. economy and the roiling of the financial markets, it's still a good time to build hotels. That's especially true if you're an experienced developer with a solid track record who's looking to build select-service properties. It's not so true if you're new to the business, have a spotty development history or if you're trying to build a complicated, full-service property in a high-barrier-to-entry market. This situation is somewhat ironic as the hotel community typically finds ways to shoot itself in the foot during economic downturns. The biggest culprits are irresponsible overbuilding, usually fueled by ...

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