The status of the economy-hotel segment is markedly different from that of the boom years in the 1980s, this feature says. Average occupancy in U.S. markets has yet to surpass 60 percent for a full year since 1995 as deteriorating supply continues to erode revenue. However, the recent acquisition of the Motel 6 and Studio 6 brands by a Blackstone Group affiliate has raised hopes that the sector will finally see a recovery. Read the HotelNewsNow.com story here.
Stone Martin Commercial finishes first ground-up project in Alabama
Stone Martin Commercial, a division of Stone Martin Builders, a leading homebuilder in Alabama, completed construction on its first ground up build project, the Wyndham Industrial Warehouse in Opelika, Alabama. This achievement signifies
