Marcel Verbaas, president and CEO of Inland American Lodging Advisor, said the group would continue to focus more on acquisition than hotel development. The group owns 90 hotels, with plans to acquire three more, and has its eye on the luxury hotel market. "We've sold assets primarily in the midscale segments so we're almost exclusively invested in upscale, upper-upscale and some luxury assets right now," Verbaas said.

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