We've seen ... substantial occupancy increases, which cause developers, lenders and others to have confidence that positive trends will continue.

Hotel buyers have to be much smarter now than they did a year or two ago.

The economics are extremely compelling. It is good for every reason we can think of.

People see value in having these intensive services. If you are flying in and get home late, they want a room service dinner rather than takeout pizza.

Although the maintenance and general condition of U.S. hotels is the best it has ever been, the industry continues to make improvements and offer further enhancements.

What we've seen is demand growing at three and a half to four and a half percent in some recent years. This year it will only grow about two and a half percent.