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Sumner Baye

'Wall Street has noticed the hotel sector.'

By John Salustri | Updated on July 20, 2007

WHAT’S THE IMPLICATION OF HILTON/BLACKSTONE?

Sumner Baye is president and partner of the New York City-based International Hotel Network.

It should really come as no surprise that the bulk of respondents (79%) to last week’s Feedback Poll think the merger fruit is ripe in the hotel sector. The $26-billion buyout of Hilton by Blackstone is only one in an ongoing series of news events that underscore the change, maturity and vibrancy of the hotel market. Can anyone say Equity Inns? Commentator Baye gives us his take on the implications of the merger trend as it relates to hotels.

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