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  "documentTitle": "Morgan Stanley | Investment Banking Pitch Book | 35 slides",
  "authorId": "morgan-stanley",
  "authorName": "Morgan Stanley",
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  "presentationDate": "2016-03-01 00:00:00",
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  "notes": "Includes logos for major hotel chains; highlights Tier 1 EBITDA multiples range.",
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      "text": "The tier one peers' 2016E EBITDA multiple range is 9.4x to 12.6x",
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