PKF Hospitality Research predicts a 6.7 percent increase in revenue per available room at U.S. hotels this year, up from a 5.8 percent revPAR growth forecast in June. PKF said that the main reason for the improved annual forecast is the stronger-than-expected performance of the market in the second quarter of the year. Read the TravelPulse 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