STR defines a hotel by three exclusionary criteria: 1) generates revenue on a nightly per-room basis, 2) has 10 or more rooms, and 3) is open to the public (excluding properties requiring membership, affiliation, or club status). Since the launch of STR’s international business, its hotel sample has grown by over 3 million rooms. “The hotel sector and its rate of return continue to attract real-estate investors—that is evident through the substantial growth in performance metrics and development we have seen over the past decade,” said Robin Rossmann, STR’s international managing director. Get the full story at Travel Daily