Recovery: Construction of Residence Inn in Albany imminent7 Mar, 2012
A 108-room new-build Residence Inn by Marriott project in an area of Albany, N.Y., could soon get off the ground, according to The Business Review. The Clifton Park development was previously stymied by the recession. "We feel comfortable we’re going to be finally able to pull the trigger," said Tony Audi, one of the investors. A different group of developers intends to build a 114-room TownePlace Suites in Latham, after a year-long delay. According to the item, Albany is recovering well. The average hotel occupancy rate last year in the region was at its highest level since 2005.Topic : Albany, New York, Residence Inn, Marriott
External Source : The Business Review
Reproduction in whole or part is prohibited.