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ATLANTA-US hotels are poised for hefty increases in revenue per available room (REVPAR) and net operating income next year, according to research firm PKF Hospitality Research.
LARGO, MD-Equity Residential has sold the 620-unit Northampton Apartments complex here to a joint venture of King of Prussia, PA-based Morgan Properties and DRA Advisors LLC of New York City for $94.6 million.
NEW YORK CITY-A partnership of the Kushner Companies and the CIM Group has acquired 2 Record St. in Lower Manhattan for a reported purchase price of $140 million.
WILLIAMSBURG, VA-After recently completing $8.4 million in renovations, Doubletree by Hilton reports it opened today the 295-room Doubletree by Hilton Williamsburg hotel.
WASHINGTON, DC-The Van Metre Cos. as part of a move to expand its multifamily holdings in the area, has purchased three apartment buildings in northeast DC for a total of $21.2 million.
HASBROUCK HEIGHTS, NJ-Gov. Chris Christie's chief economist says the Garden State's employment picture is brighter than most people would tend to believe.