Martz: "Meaningful" increase in hotel acquisition opportunities

04/19/2010 | REIT.com

There has been a meaningful increase in hotel acquisition opportunities in the past 45 days, says Ray Martz, chief financial officer of Pebblebrook Hotel Trust, a recently formed blind-pool REIT. The company is entering the market now because of the opportunities created by the unprecedented decline in lodging demand because of the recession coupled with the distress many owners and properties are experiencing. "It is a perfect storm for us," he says.

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