Thursday, June 21, 2007

Goldman Sachs real estate fund to buy Equity Inns

(Reuters) - Equity Inns owns more than 130 hotels under brands such as Courtyard, Hilton Garden Inn and Hampton Inn.




The hotel industry is in the midst of a multiyear boom as robust demand has allowed hoteliers to steadily raise rates. The upbeat market environment, supported by limited construction of new hotels, has made lodging assets hot commodities.


Read more at Reuters.com Business News

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