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Guest rooms are the most profitable part of a hotel operation," said Geoff Davis, president of the investment advisors group of Hospitality Real Estate Counselors, a hotel and casino advisory firm.
``I think at some point there's going to be a saturation point,'' said Michael Cahill, president of Hospitality Real Estate Counselors, a Denver-based consulting firm that tracks hotel and casino developments around the country.
HREC Investment Advisors is the real estate brokerage and investment banking arm of Hospitality Real Estate Counselors ("HREC"), one of the nation's leading advisors to the lodging industry.