Despite the recent Marriott-Starwood merger, an M&A slowdown could be on the horizon. At the Hotel Investment Conference Europe last week, executives noted that 2015 was a banner year because large hotel companies held an asset-light stance, and such a time will likely not be replicated. Investor pessimism could further complicate the M&A landscape, as Morgan Stanley has officially said that the top of the cycle has been reached. To read more, click here.
