Judging by Tuesday’s discussions at the 24th annual Meet the Money National Hotel Finance & Investment Conference at the Sheraton Gateway Los Angeles, the hotel industry has been down this road before. Starting with a presentation by STR’s Vail Brown, speakers were adamant in their belief that the positive fundamentals the hotel industry is experiencing aren’t unprecedented—and there are reasons to be cautious going forward. During the presentation of the Lodging Industry Investment Council’s Top 10 issues survey, co-chair Mike Cahill said the group’s members believe the environment looks a lot like the landscape nine years ago. “The window is wide open, and it’s beautiful outside: déjà vu 2005,” said Cahill, who is CEO and founder of Hospitality Real Estate Counselors. “2014 is the new 2005, and is it a longer, slower cycle.” Get the full story at Hotel News Now