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By Chris Shott 9/30/08 7:38pm

Hotel Stocks Drop–Will Room Rates Follow?

So much for the hotel boom.

The AP is reporting that shares of hospitality companies are tanking amid a gloomy outlook for travel in 2009.

New York-based companies Morgans Hotel Group and Starwood Hotel & Resorts were among those with the steepest declines during the Dow’s overall 777-point freefall on Monday:

Starwood Read More

By Chris Shott 11/08/07 3:20pm

New Hotel Both ‘Literary and Liquored Up!’

Lost City, a blog chronicling the carnage wrought by New York’s "ruthless real estate market," has nothing but praise for the planned redevelopment of midtown’s Donnell library.

A deal between the New York Public Library and multinational corporation Orient-Express Hotels Ltd., as reported by the Times yesterday, promises to create "the most Read More

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