I think they are going to sell off a number of the assets. |
I think they are going to sell off a number of the assets. The real plumb here is the Conrad brand, which has much more cache in Asia. I think that is what they want to build out. |
The public builders will say, 'Where are growth opportunities?' and they'll head offshore. But then those markets will be more sophisticated. |
They're going to pump some capital in it and try to make it work. |