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Real estate players turn their eyes to hotels

Posted on 13 February 2013

Real estate players are increasingly buying hotels to turn them into everything from private schools to retirement homes and apartment buildings.
An abundance of hotels are being put up for sale in Canada for a variety of reasons and a growing proportion of them are being bought by real estate firms, which have typically accounted for a small proportion of the acquisitions, according to a new report on the state of the hotel industry that will be released by real estate services firm CBRE on Tuesday………………………………………..Full Article: Source


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