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“We believe that this is one of the better hotel acquisition periods in the last couple decades,” Hecht, senior managing director and head of real estate at New York City-based Certares, told Hotel Investment Today...“Our viewpoint on the hotel market is that this is probably the most favorable supply-demand dynamics we’ve had in the last couple of decades,” he said. “New supply is under 1%, probably for the next 36 to 48 months, and demand is staying super strong. That’s a catalyst for opportunities.”