| According to CBRE's Winter 2012 Snapshot on the Manhattan hotel real estate market, Manhattan's hotel market has a reason to celebrate.
"Manhattan hotel investment sales rebounded significantly in 2011, and 2012 is expected to be a strong year as well," said Bradley Burwell, senior associate, CBRE Hotels. "Fundamental lodging performance remains strong, and despite the addition of more than 4,100 units in Manhattan in 2011, occupancy remained constant at 84%, clearly showing that the city can continue to absorb new supply."..............................................Full Article: Source
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