• Fitch optimistic for hotels in US CMBS deals

Revpar recovery in the US is grounds for "cautious optimism" for the performance of hotel properties in US CMBS transactions, according to Fitch Ratings.

Fitch expects further revpar growth of 5% to 7% in 2011 and similar growth in 2012. Fitch remained cautious regarding the cyclical nature of the lodging industry. "The pace of the global economic recovery will impact the industry outlook, as influenced by corporate profits, unemployment, and the capital markets environment," said MD Eric Rothfeld.

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