Brian Wogernese, President and CEO, Cobblestone Hotels, just closed a deal for the purchase of Vimana Franchise Systems, which has brands such as Centerstone Hotels and Key West Inns. We talk about his current company strategy and get into why this deal happened and what it means for the future of the rapidly growing Cobblestone.

First, Glenn chats with Bruce Ford, SVP of Lodging Econometrics. We get a midsummer update on state of the hotel industry, as well as what the new hotel construction pipeline means for the future of hospitality. Warning, it's shrinking!

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