The document provides an overview of global hotel investment and development news in 2013. Some of the key deals and trends discussed include Chesapeake Lodging closing on a Hyatt Place in NYC for $76.2 million, investors being bullish on Asia development and emerging Asian markets, Starwood's plan to unload $3 billion in hotels, and technology expenditures for hotels trending upward. Foreign investors were also active with deals in markets like India, Indonesia, and Africa.