Hoteliers who attended The Lodging Conference in Phoenix last week were generally optimistic, though some advised caution in light of ongoing changes in the market. "We're generally more optimistic this year than last, except that we're trying to gauge the impact of a potential interest rate increase. So we are making sure we're making good buys with good yield to protect us," said David Capps, Aimbridge Hospitality's vice president of development.

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