NEW YORK CITY—For operators such as Hilton, which just completed a successful secondary offering, the coming year is expected to see the biggest ADR growth since 2007, says PwC.

The new totally GOP-controlled Congress appears poised to continue the course for infrastructure policy set by the House during the last two sessions— in the politest terms that amounts to benign neglect. In fairness, most Democrats have been reluctant to raise the federal gas tax too or find other funding sources for the nation's rapidly deteriorating roads, bridges and tunnels, not to mention rusting water lines and overtaxed sewage treatment systems as well as crumbling…

CARLSBAD, CA—“We're continuing to invest but we are also starting to monetize our assets,” says Orville Power, whose firms has acquired more than 2,700 lots, mainly in California, since 2012.