Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Joe Greff - JP Morgan.
Joe Greff - JP Morgan
Vasant, you comment on 2010 group pace and then you had a comment on 2010, 2011 group and I know this amplifies is probably very small, but we look at 2010, 2011 group. Can you just talk about pricing and pricing in a context of maybe how that compares to 2009, 2008 group pricing?
Vasant Prabhu
I mean, the pricing clearly is tracking down as you would expect. I mean people are look at where rates are today and trying to lock demand. As we said on the call, I think the challenge for us in the industry now, as I’ll keeping season recovered is to really focus on rate realization, it typical of this time in the cycle and that is our focus at this point.
Operator
Your next question comes from David Katz - Oppenheimer.
David Katz - Oppenheimer
I wanted to just go a little bit more about the CapEx issue and thinking about what you might be or how you’re think about spending for next year and certainly, inclusive of the timeshare business? We’re trying to figure out sort of what the new normal is and how to gauge that, particularly in the face of what looks like next year? It’s going to be an aggregate down year modestly. Also whatever you can share there would be helpful.
Frits Van Paasschen
As far as the thing to do is to break that down into three pieces, first of all on the hotel side, we were pretty low this year and will continue to keep CapEx in the hotel side in next year, but also recognize there were some important projects for us to go forward. For vacation ownership as Vasant alluded to earlier on this call, we’ll continue to be extremely selective and where we put our capital to work there and then largely to complete projects that are already underway.
Finally, with respect to Bell Harbor, over the next couple of year and into early 2011, in order to complete the project we’re looking at something north of, $330 million to complete the project. So some portion of that in 2010 would be part of the CapEx.
Operator
Your next question comes from Bill Crow - Raymond James.
Bill Crow - Raymond James
Could you talk about your thoughts on asset sales from a pricing perspective as well as your appetite to unload more assets both in the U.S. and outside the States?
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