Hotel equity holding groups trading at 1/2 of 2007 values., both Blackstone and publicly traded Marriot hotels confirm – ed. “The hotel market has been hammered by the economic crisis as consumers and businesses have cut back on travel spending….
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[...] is thought that Blackstone last year wrote down the value of its investment in Hilton by a staggering 50 per cent, with consumers and business travellers cutting back on their collective travel spend.” [...]