June 21, 2015
By Kathleen Lynn
An improving economy and a surge in business and leisure travel have led to plans for new hotels in Teaneck, Rutherford, Wayne, Paramus, Secaucus and other North Jersey towns.
Hotel construction dropped in the state and nation after the 2007-09 recession curtailed travel. But hotel occupancy rates — as well as nightly room prices — have rebounded to their highest levels in decades, and hospitality companies are responding with new inns.