NEW YORK- According to a report in the Wall Street Journal investor Robert Johnson, the chairman of BET Holdings, will continue to gamble on the future of the hotel industry. According to the paper, Johnson is looking for more hotel acquisition opportunities following last Decembers $95 million purchase of seven properties from Hilton Hotels Corp. This signals Johnsons optimism that the hotel industry can equal last years performances at a time when the economy is in decline and analysts are warning of a decline in overall profits to $22 billion from $23.5 billion last year. Johnson reportedly commented to the paper: “There are always opportunities. You got to be willing to take a risk.” SOURCE: Wall Street Journal
