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Luxury hotel developments still finding investors

Hotel investment is on a downswing, but luxury properties are still finding money, often with real estate investment trusts taking the place of private equity groups and even some foreign capital, according to experts at the NYU International Hospitality Industry Investment Conference. Pairing luxury hotels and residential space is "still key to getting a deal done," and the select-service market is finding that dual-brand projects can soften the blow of rising construction costs.

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