Hotel & Motel Management - December 27, 2007 - (Page 88) » BY ST EPH A NIE RICCA, M A N AG ING EDITOR Owners optimistic despite highs and lows STARWOOD HOTELS AND RESORTS WORLDWIDE Starwood’s aloft brand is one many owners are keeping an eye on in 2008. Interstate Hotels & Resorts has two aloft properties under construction. he supply-demand balance has been top-of-mind for hotel owners during the last half of 2007, and likely will dominate conversations into 2008, especially as the industry shifts expectations following 2007’s credit crunch. Owners and managers reached some consensus as 2007 closed regarding credit availability concerns; they largely agree that the industry will weather any storm, and this one won’t necessarily have as much thunder and lightning as originally predicted. “There’s still money to be made by sellers in this cycle,” Walter Isenberg, president and c.e.o. of Sage Hospitality Resources, said at The Lodging Conference in September. “There’s still a lot of debt available so long as T See Owners | page 99 Equity Inns Equity Inns, Inc. is the largest real estate investment trust (REIT) focused on the upscale extended stay, all-suite and midscale limited-service segments of the hotel industry. The Company owns a geographically diverse portfolio of 137 hotels with over 16,000 rooms located in 36 states. The leading franchise brands include: Howard Silver 901-754-7774 hsilver@equityinns.com
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