PRNewswire -- Officials of Hotel Brokers International (HBI), the nation’s largest brokerage organization with more than 30 offices coast to coast, today released its TransActions Recap 2009, a comprehensive report on hotel real estate activity for 2008 and the organization’s forecast for 2009. As a result of a deepening recession and hobbled credit markets, hotel transaction dollar volume in 2008 plunged 55 percent to $9.9 billion from $21.9 billion in 2007. HBI believes the downtrend will continue in 2009, although volume in the second half should improve, due to pent-up demand and as commercial lending begins to respond to government stimulus efforts. The 115-page publication, detailing more than 3,000 hotel transactions over the last five years, is available from HBI for $200.
