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Hotels Have Few Bright Spots

PHOENIX-Lodging Conference recap: Some companies eye expansion even as capital remains in short supply.

By Maria Wood | Updated on October 01, 2009

PHOENIX-The 15th annual Lodging Conference concluded last week, and the consensus was that until capital returns to the sector, the hotel business will remain in a state of inertia

However, several companies interviewed by GlobeSt.com indicated they are continuing with growth plans, even in this dour economic environment.

In its summary of the three-day event, held at the Arizona Biltmore, analysts from Robert W. Baird & Co. wrote that meetings with key industry players “failed to provide us with a more optimistic outlook for the credit issues and fundamental operating challenges facing the industry today.”

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