Wall Street sees rosier picture for lodging as demand creeps up

09/30/2009 | NYTimes.com

Citing a slowing of supply and uptick in demand, a Goldman Sachs analyst has raised the price targets for several major hotel chains. Analyst Steven Kent said the economic recovery bodes well for the industry, and he increased price targets for chains including Marriott International, Starwood Hotels & Resorts Worldwide, Choice Hotels International and Gaylord Entertainment Co.

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