This week in the Southeast saw a commercial real estate activity uptick in Tennessee. Atlanta was also busy, and a new hospitality report emerged that shows good news for Georgia.
BY THE NUMBERS
Following the most notable increase in room supply in six years during 2016, additional select-service rooms will come online in Atlanta and the entire state of Georgia this year. The delivery of new stock will likely result in the first annual decrease in statewide occupancy since 2010 and moderate RevPAR growth from the lofty levels of the past three years. (Source: Marcus & Millichap)
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