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HREC: Hotel Occupancy Strong Through '15

NEW YORK CITY—“This is one of those rare times you get every cycle where you can say 'the window is wide open and it's beautiful outside,” says CEO Mike Cahill.

By Rayna Katz | Updated on April 11, 2014

NEW YORK CITY—Providing an opportunity for hotel real estate professionals to network and learn about the sector’s current and anticipated performance, HREC Investment Advisors and Interstate Hotels jointly hosted a seminar—entitled Real Time Hotel Investments and Market Trends—in Midtown here last week.

A group of about 30 hotel industry investors, lenders and executives came together to hear the findings and forecasts of HREC’s Geoff Davis, president and senior principal and Mike Cahill, CEO and founder; Ross Woods, principal, Hotel Investment Strategies; Michael Bellisario, senior research associate, real estate, Robert W. Baird & Co. and Leslie Ng, CIO, Interstate Hotels & Resorts. The event was repeated the following night, and Davis tells GlobeSt.com that similar programs could be brought to Washington DC and Los Angeles down the road.

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