From Real Estate New York February 1999, "Still Plenty of Heat Behind Area’s Best" (Metro NY Property Forecast) by Joseph Dobrian:

"Meanwhile, back in New York City, industry savants recognize that the demand for hotel rooms is far outrunning supply. That imbalance, however, is expected to be somewhat eased in the coming year. Attorney Georgia J. Malone, who puts together real estate deals in the hotel, retail and entertainment sectors, is one who reports tremendous interest in hotels on the part of investors.
"’We’re seeing "extended-stay" hotels going up in New Jersey, near the Colgate-Palmolive site,’ she reports, ‘as well as in Connecticut, Long Island and Manhattan, where land costs are very high so people are trying to convert old hotels to new ones, or office buildings into hotels.’"
     
     
From Real Estate New York Mid-October 1999, "Sitting Pretty On Cycle’s Peak" (Real Estate Forum) by Joseph Dobrian:
"Georgia Malone agrees that high prices make it tough to put together a development deal. ‘We have sites,’ she reports, ‘but when the economy’s strong, land prices and construction costs go up. Speculative construction is unlikely, because lenders won’t lend into a site that has no tenants. The longer banks stay conservative, the better the chance that the late 1980s won’t happen all over again.’"
     
     
From Commercial Property News March 1, 1999, "Lesser Cautions Hotel Brokers: Think Like Investment Bankers" (Hotel Brokerage) :
"’Everybody [in the hotel market] is trying to do as many real estate deals as possible before the bottom falls out,’ observed Georgia Malone".
     
     
From Crain’s New York Business June 5-11 2000, "Hiatt hopes elegance and guests return to a renovated Stanhope" By Louise Kramer:
"Georgia Malone….calls the purchase a ‘brilliant move’ for Hyatt. ‘They get to take over a smaller hotel and make it absolutely beautiful and charge high rates,’ she says. ‘It has its name and its location and its poshness, and Hyatt’s reservations system.’"