Buyer competition drives up hotel pricing

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Buyer competition drives up hotel pricing

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The average selling price per hotel room rose 28 percent to $150,223 in the first half of 2014, compared to the same period in 2013, according to Lodging Econometrics. Competition is strong, with REITs and private equity targeting the best properties. Read the GlobeSt.com story here

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Sanzari Completes Multi-Million-Dollar Glenpointe Marriott Project

Alfred Sanzari Enterprises, a preeminent family-owned and operated commercial and residential real estate firm, announces the completion of a capital improvement project at the Glenpointe Marriott, a 351-room full-service hotel located on the company’s Glenpointe corporate campus in Teaneck, N.J. The capital improvement project transformed the hotel’s 39,317-square-foot

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