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HOSPITALITY! FASHION! RETAIL!

HOSPITALITY! FASHION! RETAIL!
We haven't quite mastered cloning, so we were limited to three events yesterday: B'nai B'rith's monthly luncheon; Faith Hope Consolo and Joe Aquino's broker party; and ICSC's roundtable discussions. There are plenty more photos, so remember to drop by our Facebook page for more!
HOSPITALITY! FASHION! RETAIL!
First stop, B'nai B'rith Real Estate Unit's monthly luncheon at the Cornell Club, where heavy-hitting hospitality panelists Morgans Hotel Group's Richard Szymanski, Expedia.com's Shaun Stewart, Cushman & Wakefield Sonnenblick Goldman's Mark Gordon, and Proskauer Rose's Jeff Horwitz packed the house. Their take? It's a demand-driven and global recession—different from the post-9/11 downturn—but expect a strong comeback.
HOSPITALITY! FASHION! RETAIL!
We did glean some positive points: unlike other sectors, owners are holding on to assets with LIBOR-based loans; lenders are receptive to NY hotel owners with cash flow; and, there isn't much new supply. For us travelers? Cheaper, quality hotels with more perks. The panelists, with B'nai board members: BDO Seidman's Stuart Eisenberg, Alchemy Properties' Joel Breitkopf; Mc Gowan Builders'Arie Ben-Dor, Grubb & Ellis' Robert Shapiro; Zlokower Co.'s Harry Zlokower, Sklar Realty Group's Lydia Sklar, Hofheimer Gartlir & Gross' Gerald Morganstern, and Chelsea Capital's Daniel Shahrabani.