New builds, renovation are driving hotel construction spending in U.S.

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New builds, renovation are driving hotel construction spending in U.S.

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Data from the U.S. Census Bureau show an increase of nearly 30 percent in hotel construction spending, to $15.2 billion, through July. New-build development is on the rise, with STR data as of September showing 333,775 hotel rooms in the planning, final planning and construction phases. The uptick in construction is also caused by a rise in renovation activity as hotel owners catch up with shelved property improvement projects. Read the HotelNewsNow.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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