Torpid business travel excites big-bucks investor

A Texas hotel investor who’s in command of more than $1 billion has his eye on the business travel category, which lags behind leisure in hospitality’s recovery. Dreamscape Cos. CEO Eric Birnbaum says his company’s partnership with third-party manager Aimbridge Hospitality is pursuing “unique opportunities” for acquisitions of hotels that cater to groups and face heavy distress.