Report: U.S. hotel property sales down 50% in 2008

02/25/2008 | Financial Times (free content)

Sales of hotel real estate are expected to fall by as much as 50% in the U.S. this year. A report to be released today will predict that the value of the real estate will fall between $23 billion and $26 billion. "The credit crunch has halted mega-deals and many portfolio deals," the report will say.

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