Hotel bubble? Not according to these CRE execs Sturner, panelists argue hospitality market is healthier than critics claim
From left: Norman Sturner, James Nelson and Robyn Sorid
New York’s hotel market has mostly produced negative headlines over the past year amid fears of oversupply and declining international tourism. But Norman Sturner thinks the worries are overblown.
“The fact of the matter is that New York has 54 million (annual) visitors,” he said Thursday morning at a panel discussion hosted by the Deal Flow Network and moderated by The Real Deal’s publisher Amir Korangy. Sturner said any conclusion that a minor drop in the number of visitors woul阿爱上海同城