Hospitality
 
Hotel Room Surge Breaks U.S. Records
 
Following the lead of a strong economy, hotel sales and development are on the rise across the country. The annual occupancy rate has increased to an impressive 65.2% for the first half of 2015. That’s the highest it’s ever been, exceeding a rate of 64.8% 20 years ago, according to REjournals.com, a Midwest commercial real estate news report.
 
Last year, the net operating income for U.S. hotels jumped 12.3%, the fourth consecutive year of profit growth higher than 10%. That profit growth is expected ...