In his Forbes/Slatin Real Estate Report, editor Peter Slatin recently interviewed Amit Kapoor of Gabelli Asset Management, whose specialty is the hotel/hospitality segment of the broader real estate sector. Here are highlights from the interview, in which Kapoor looks at Orient-Express (NYSE: OEH), a premium property operator.
Forbes/Slatin: "As several recent reports have indicated, hotel stocks are continuing their strong performance while the current wave of privatization and consolidation also shows no sign of abating. What are the basic reasons behind your bullishness on the sector?
Amit Kapoor: Overall, momentum and fundamentals in the hotel market are very strong. The supply is limited and it will be at least two years before significant supply comes on line and starts affecting revPAR growth.
Forbes/Slatin: You've just released a very positive report on Orient-Express. What do you like in particular?
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