IPO preparations by Blackstone hint at approaching hotel-market peak

08/14/2013 | HotelNewsNow.com

Reports that Blackstone Group is preparing to file an initial public offering for Extended Stay America, La Quinta Inns & Suites and Hilton Worldwide may be a sign that the lodging real-estate market is nearing the peak in its economic cycle, writes Ed Watkins, editor-at-large of HotelNewsNow.com. Recent property renovations by several hotel firms could also indicate efforts to increase hotel values in anticipation of a sale. "There's the good news: While we might be approaching the top of the hotel cycle, all signs -- especially the healthy supply-demand ratio -- point to a long period at the top before the cycle inevitably starts its roll back toward the bottom," Watkins writes.

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