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03/03/07
Hotel-development group copes with higher land prices
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:53 pm

Hotel developers like the Khangura brothers decide where a lot of travelers sleep. The 43-year-old twins from Tucson own about 20 hotels around the state, mostly mid-tier extended-stay properties in the suburbs of Phoenix and Tucson. They bought some and built others from the ground up, scouting the sites, buying the land, overseeing construction and operating the hotels when they opened. These men are bucking the trend, considering faraway investors and corporations own many hotels today.   More…

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