Hospitality MarketWatch
Week of September 26th - September 30th

For the latest Marcus & Millichap research reports, please visit the Research Services website. Also available is our new Research Brief blog , which offers timely insight and expertise into the rapidly changing investment real estate industry on a weekly basis.
National
Marriott, Starwood Execs Detail What's Next
Friday September 23, 2016

Best Western Joins Franchising Fray
Tuesday September 27, 2016

OPEC Agrees to Cut in Oil Output
Wednesday September 28, 2016
California
Airbnb takes a toll on the U.S. lodging industry, but Los Angeles hotels continue to thrive
Monday September 26, 2016

New hotel coming to the Arts District
Tuesday September 27, 2016

Hotel and 6 restaurants proposed for Koreatown near the Wiltern
Friday September 23, 2016

August a growth month for Palm Springs area tourism
Monday September 26, 2016

Virgin Hotels to check into Silicon Valley
Tuesday September 27, 2016
West
Cowboys owner urges aggressiveness in bringing Raiders to Las Vegas
Sunday September 25, 2016

Developer asking $30M an acre for site on Strip
Friday September 23, 2016

Are Colorado's Mountain Towns Too Busy?
Saturday September 17, 2016

360 Hotel Group Buys 5 Acres in Mukilteo, WA
Friday September 23, 2016
Midwest
Cleveland AC By Marriott Hotel to Open in 2018
Wednesday September 28, 2016

Effort resumes to add convention-focused hotel in Downtown Columbus
Friday September 23, 2016

Detroit Brownfield proposal stirs old debate on tax incentives
Sunday September 25, 2016

Despite challenges, Indy-area counties gain convention, tourism niche
Saturday September 24, 2016

AC Hotel by Marriott to Open Doors in Kentucky
Monday September 26, 2016
Northeast
SpringHill Suites by Marriott is ready to break ground at Greenleigh at Crossroads
Tuesday September 27, 2016

JBG withdraws plan to replace Marriott Wardman Park, will put hotel up for sale
Wednesday September 28, 2016

Japan's Toyoko Inn files plans for first US hotel in LIC
Tuesday September 27, 2016

Anbang closes on acquisition of Essex House, 14 Strategic properties
Tuesday September 27, 2016

First Westin Hotel Opens in the Heart of Buffalo
Monday September 26, 2016
Southeast
Federal agency decision boosts Brevard County, FL hotels
Friday September 23, 2016

Downtown Hollywood, FL ready for renaissance with two new towers
Friday September 23, 2016

Tradewinds hotel proposal clears first hurdle in St. Pete Beach
Thursday September 22, 2016

Motel 6 Changes Hands in Tampa
Wednesday September 28, 2016

Potential for hotel near MacDill raises concerns over base closure
Wednesday September 28, 2016

Proposed Watermarke resort in Jacksonville fails to garner support
Thursday September 22, 2016

Zika Fears Continue to Impact Tourism
Tuesday September 27, 2016

Initial approval for hotel at Charleston, SC site
Thursday September 22, 2016

Fairfield Inn & Suites Opens in Downtown New Orleans
Monday September 26, 2016
Texas
Worst of Oil Slump Behind Us, Dallas Fed Says
Wednesday September 28, 2016

Gatehouse Capital Joins Virgin Hotels Project in Dallas
Wednesday September 28, 2016

Council could extend deadlines for Hotel Santa Rita
Monday September 26, 2016
Canada
Worst of Oil Slump Behind Us, Dallas Fed Says
Wednesday September 28, 2016

Gatehouse Capital Joins Virgin Hotels Project in Dallas
Wednesday September 28, 2016

Council could extend deadlines for Hotel Santa Rita
Monday September 26, 2016
Other Industry News
Williams-Sonoma Expands into Hospitality with West Elm Hotels
Tuesday September 27, 2016

Hospitality experts disagree on West Elm's chances for hotel success
Wednesday September 28, 2016

Moody National Rolling Up Two Non-Traded Hotel REITs
Wednesday September 28, 2016
Featured Listing
Ramada Las Cruces Hotel & Conference Center
Las Cruces, NM
- Excellent Location Near University, Convention Center & Interstates
- Management Upside
- 34% 5-Year IRR
(Click picture for more information)
Recent Closings
Best Western Pahrump Oasis
Pahrump, NV
$8,300,000


Best Western Plus Parkersville Inn & Suites
Washougal, WA
$7,650,000


Portland, OR
(503) 200-2048
Washington, D.C.
(202) 536-3792
West Los Angeles, CA
 (310) 909-2313
Reno, NV
 (775) 348-5228
Washington, D.C.
(202) 536-3734
Phoenix, AZ
(602) 687-6791
Oakland, CA
(510) 379-1283
Andy Patel
Palm Springs, CA
(909) 456-3400
Ontario, CA
(714) 319-1650
Ontario, CA
(909) 456-7023
Ontario, CA
(909) 456-3430