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Sources: McSam Hotel Group sells 3 N.Y. hotels

Three Staten Island, N.Y., hotels – Holiday Inn Express, Comfort Inn and Staten Island New York Hotel – were sold this week by the McSam Hotel Group to different companies, including Marriott International, for an undisclosed sum. Read the Staten Island Advance story here

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Average occupancy rate for hotels declines

The average occupancy rate for U.S. hotels declined for the first time since 2009, affected by the large number of hotel rooms that have come online. Hotel room bookings are still rising, but the growth in demand has slowed over the past year, according to

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Iowa landmark to be reborn under Marriott brand

The former Warrior Hotel and Davidson Building would be converted into a 146-room Marriott brand hotel under a $56 million restoration plan that also calls for transforming other space in the historic buildings into luxury apartments, bars, restaurants and other retail outlets. Read the Sioux

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