Hotel transactions pace may pick up in 2013, brokers say

12/28/2012 | Hotel Management online

The volume of hotel transactions this quarter showed steady growth across the U.S. and will likely continue to gain momentum in 2013, several hotel brokers say. "We're seeing a lot of continued buyer interest. We're seeing a lot greater investor interest [and] lender interest. Year 2013 is going to be a good year barring any unforeseen cliffs or other things that might arise," said Steve Kirby, principal at Mumford Co.

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