Hotel investors spent $27.8 billion on property acquisitions and developments in the United States during 2014, according to the Hotel Transaction Almanac and the Hotel Development Almanac compiled by STR Analytics. During the year, $18.5 billion in hotels changed hands while another $9.3 billion in new hotel projects opened their doors. “Hotel real estate remains […]
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Courtyard by Marriott has announced the opening of Courtyard by Marriott Penang – the first Courtyard debut in Malaysia. Located along the bustling Jalan Macalister in the heart of Penang’s UNESCO-listed George Town, the new 199-room hotel is set to provide the best hotel experience so guests can pursue their personal and professional passions while […]