Summit Hotel Properties has closed on a $36.1 million purchase of three hotels under the Hyatt Place brand. The new acquisitions are the 149-room Hyatt Place Orlando/Convention Center and the 151-room Hyatt Place Orlando/Universal in Orlando, Fla., as well as the 126-room Hyatt Place Chicago/Hoffman Estates in Hoffman Estates, Ill. Read the HotelsMag.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