Luxury-hotel transaction costs waned in Q4, report says

02/8/2013 | Hotel Management online

According to a new Cornell Center for Real Estate and Finance study, the prices for large-scale hotel real estate transactions slowed in the fourth quarter last year. Construction costs for new luxury hotels are equal to the price tags on existing luxury hotels, the report says. An HVS report stated that Detroit, Chicago and Austin, Texas, are markets where hotel development is active.

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