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Takeaway: The hotel transactions market heated up further in Q4, dovetailing nicely with what was surely a strong revenue quarter for the industry.

The M&A market heated up dramatically in Q4 2014 with the publicly traded C-corp involved with the usual REIT/PE suspects. An active transaction market at higher prices dovetails nicely with what was likely a strong top line Q4 for the hotel stocks.

Please see our detailed note:  http://docs.hedgeye.com/HE_Q4_2014_Lodging_Transactions.pdf