Hospitality MarketWatch
Week of February 11th - February 15th

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California
Historic Hayes Mansion in San Jose is bought, new owners plan hotel and conference center facelift
Marin Independent Journal - February 11, 2019

Holiday Inn Los Angeles-LAX Airport Completes Extensive Renovation and Renewal Project Led by General Manager Israel Mora
Hotel Online - February 11, 2019

San Diego Hotel Market Entered 2019 Strong, But With Mild Overbuilding Possible
Bisnow - San Diego - February 07, 2019
West
Snow King Resort Hotel in Jackson, Wyoming, Purchased by KDG Capital
Hotel Online - February 12, 2019

Park Hotels Sells Phoenix Asset for $51M
Commercial Property Executive - February 11, 2019

Sun Hill Properties adds 2 Colorado hotels to portfolio
Hotel Management - February 08, 2019

New TownePlace Suites Salt Lake City proves size doesn't matter
Hotel Management - February 11, 2019
Midwest
Avantgarde Hospitality Acquires The Ivy Boutique Hotel in Chicago, Illinois
Hotel Online - February 11, 2019

'Worth the wait': Green Bay's $50 million Hotel Northland ready to wow guests, community
Milwaukee Journal Sentinel - Business - February 13, 2019

Saginaw Township approves plans for Best Western
Bay City Times - February 12, 2019

Developer gets deadline extension to open two new Rosemont hotels
Daily Herald (Chicago Suburban) - February 13, 2019

Staybridge Suites, Old Chicago Pizza on tap in Whitestown
Indianapolis Business Journal - February 13, 2019
Northeast
Final Rendering Released for Jersey City's Canopy by Hilton
Jersey Digs - February 13, 2019

Developed and Managed by Plamondon Hospitality Partners, 103-Room Residence Inn by Marriott Set to Open in Fulton, Maryland
Hotel Online - February 07, 2019

First look: Former L'Enfant Plaza Hotel to reopen in April
WTOP - February 12, 2019
Southeast
Atlanta company buys Reunion golf resort near Disney
Orlando Sentinel - February 11, 2019

HRI Properties' new project: Dual-branded Hyatt hotels in Florida
New Orleans City Business - February 13, 2019

First Mr. C Hotel in Florida eyes spring 2019 opening
Hotel Management - February 12, 2019

Peachtree buys Hampton Inn near Westfield Broward
The Real Deal Miami - February 12, 2019

Construction of Manatee convention center hotel could start in April
Sarasota Herald-Tribune - February 11, 2019
Texas
This north Fort Worth neighborhood is getting a new hotel
Fort Worth Star-Telegram - February 13, 2019

New hotel tower in the works for Dallas' Uptown district
The Dallas Morning News - Business - February 11, 2019

Four SureStay hotels open in Texas, Kentucky and California
Hotel Management - February 12, 2019
Canada
Saskatoon's largest hotel rebrands as a Delta
Canadian Lodging News - February 14, 2019

New $45M luxury hotel for Quebec ski resort
Daily Commercial News - February 8, 2019

Four Seasons Hotel Montreal is Confirming Reservations for Spring 2019 Opening
Hotel News Resource - February 13, 2019
Other Industry News
Supply Growth in Top 25 U.S. Markets to Accelerate
Hotel Online - February 12, 2019

Gotta Have It All: Designing Hotels That Appeal To Business And Leisure Alike
Bisnow - Houston - February 08, 2019
Featured Listing
Best Western Of Alexandria Inn & Suites & Conference Center
Alexandria, LA
- 2.5x Room Revenue Multiplier
- Well-Maintained | Renovated in 2017
- Near Alexandria International Airport & Interstate 49

Chris Shaheen, Broker of Record
License: LA BROK.0095692662-ACT

Recent Closings
Holiday Inn Express & Suites Las Vegas
Las Vegas, NM
$4,800,000

Best Western Plus Villa Del Lago Inn
Patterson, CA
$8,650,000

Quality Suites / Clarion Hotel & Conference Center
Colorado Springs, CO
$7,800,000


Portland, OR
(503) 200-2048
Baltimore, MD
(443) 703-5027
Reno, NV
 (775) 348-5228
Phoenix, AZ
(602) 687-6791
West Los Angeles, CA
 (310) 909-2313
Ontario, CA
(909) 456-3430
Palm Springs, CA
(909) 456-7029
Portland, OR
(503) 200-2057
Ontario, CA
(909) 456-3441
Ontario, CA
(909) 456-3420
Ontario, CA
(909) 456-7023
Baltimore, MD
(443) 703-5029