Several hotels in Detroit are preparing to undergo renovations, as a rebound in hotel demand has opened up financing opportunities for property improvement projects. Data from STR show that the occupancy rate in metro Detroit last year was 61.9 percent, compared with 59.9 percent in 2011. Read the Crain’s Detroit Business 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