Hoteliers warn of credit crunch

June 04, 2008 12:49PM

The credit crisis could get worse, making it a tough time to take advantage of good investment opportunities, hotel mogul Barry Sternlicht said at yesterday’s 30th annual NYU International Hospitality Industry Investment Conference at the Waldorf-Astoria. Donald Trump also advised investors to start buying real estate, something he has advised against for years. 

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