12/27/2005 Issue

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Hotel CMBS Poised for Strong Comeback in 2006
By Erika Morphy

Last month it was the Blackstone Group’s $3.4 billion acquisition of La Quinta Corp. In June, it was its purchase of Wyndham International Inc. for $3.24 billion. And, of course, there was the addition of Extended Stay America and Boca Resorts Inc. to Blackstone’s portfolio last year – transactions that augured a wave of mergers and acquisition in the lodging sector.


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