As our “No Vacancy” feature makes clear (page 34), today's hotel seller's market is not like ones in the past, when the gap between supply and demand wasn't huge and it didn't last long. In today's market, the gap between the number of available hotel rooms and the demand for them is the greatest in the 20 years that the hotel accounting firm PKF has tracked this data. Moreover, with not much supply in the pipeline, a strong seller's market is projected to continue at least through 2007, ...

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