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March 11, 2020  

Coronavirus Seen Slowing Hotel Sales

The impact of the coronavirus crisis on travel is expected to stall sales of large U.S. hotels, as investors weigh the severity and length of the disruption.Conference cancellations, airline-schedule cuts and a pullback in business travel in recent days have delivered a wallop to hotel bookings. While the resulting empty rooms have yet to show up in hotel performance data, owners are bracing for the inevitable drop in revenues.Travel issues also...

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