Monday, July 11, 2011

U.S. Hotel Buyers Lured Back

Prior to the recession, many buyers stepped back from U.S. hotels and resorts, but the recent rebound has brought back interested buyers as the hospitality sector once again promises high returns. KSL Capital LLC has finished raising a $2.1 billion fund targeting distressed resorts. Westbrook Partners has also bought hotel mortgages at a discount and seized control of eight high-end hotels, which include the Fairfax Embassy Row in Washington and the Westin here in San Francisco.

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