News & Noteworthy

Article - Law360 Quotes Bruce Bronster on Rise in Hotel Closings
JANUARY 06, 2014 | Law360

Bruce Bronster (Partner, New York) was quoted in a January 3rd Law360 article entitled "Competitive Lodging Market Spurs Uptick In Hotel Closings," which explains the recent rise in hotel closings.

Noting that investors are now cutting ties with underperforming hotels in a more competitive market, Bruce said:

  • "Older, inefficient hotels are being torn down or being completely remodeled and repackaged."

He also noted that certain other hotels that have permanently closed "are the sort of midlevel hotels that don't have luster, don't have good bones, don't have good detail. They're not worth saving or repackaging,"

Read the article (subscription required).

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