Cliff? What cliff? These are great times and they will be With us for quite some time!

It's going to be a good number of years before hotel investments head towards a cliff! Room demand is increasing and Boston is projected to have a very healthy +6% RevPar increase in 2013. We remain cautiously optimistic because lenders continue to show patience and restraint with conservative projections and we don't see any indication that new construction and new hotel supply will outpace demand in any region of the country or anyplace in the Northeast. It's all good! Ever improving performance with negligible new supply; favorable lending terms, and plentiful equity! Who wants to buy a hotel??? YES, BUY! Any Jughead can make money with hotels now!

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