Hospitality MarketWatch
Week of December 23rd - December 27th


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California
Wide Appeal Expected From Renovated Mission Bay Resort
NBC 7 San Diego - December 24, 2019
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Montage Beverly Hills Sells for Estimated $415 Million
Los Angeles Business Journal - December 23, 2019
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Park Hotels & Resorts Inc. Announces The Sale Of The Ace Hotel Downtown Los Angeles
Hotel Interactive - December 23, 2019
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Judge rules San Diego hotel tax ballot measure summary not misleading
CBS8 San Diego - December 21, 2019
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West
Newly Opened Hyatt Regency Hotel Trades for $190M
Commercial Property Executive - December 20, 2019
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Harveys Lake Tahoe announces $41 million renovation
Tahoe Daily Tribune - December 21, 2019
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Phil Ruffin Comments on Plans for Circus Circus in LV
bestuscasinos.org - December 21, 2019
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Phoenix to Set Its Sights on an Airport Hotel Contract in 2020, City Confirms
Phoenix New Times - December 20, 2019
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Midwest
Plains Management to Develop 120-Room Ellison Hotel in Oklahoma City
REBusinessOnline - December 24, 2019
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White Lodging opens two new hotels in Louisville, hires new corporate chef
The Munster Times - December 21, 2019

New Blu Hotel to Open New Year's Eve in Downtown Akron's Historic United Building
Hotel Online - December 20, 2019
Northeast
New York's inconic Waldorf Astoria to offer residents ownership for first time
The Express Tribune - December 22, 2019
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Biggest Hotel Developments in Manhattan 2019
The Real Deal - December 24, 2019
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New 5-story Portsmouth hotel gets extension
Portsmouth Herald - December 23, 2019
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UPDATE: Mass. private equity firm buys two Yonkers hotels for $56M
Westfair Communications - December 20, 2019
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VUU planning hospitality school/hotel on site of former motel that the university bought for $2.9 million
Richmond.com - December 23, 2019
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The Press Hotel
The Greenville News - December 21, 2019
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Southeast
Home2 Suites by Hilton Memphis Wolfchase Galleria Opens
Hospitalitynet.org - December 24, 2019
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Residence Inn by Marriott Hotel to Open in Tierra Verde, Florida With New Brand Design
Businesswire.com - December 22, 2019
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Hilton Expands Florida Home2 Suites Presence
Commercial Property Executive - December 23, 2019
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The Esquire Hotel Joins Ascend Hotel Collection
Hotel Interactive - December 23, 2019
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Texas
NewcrestImage Opens 91-Room Hyatt Place Hotel in Amarillo
REBusinessOnline - December 23, 2019
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FOX 7 Discussion: ECHO continues to look into converting hotels, motels into shelters
FOX 7 Austin - Local News | KTBC - December 20, 2019
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Canada
Alt Hotels concludes a $50-million transaction to continue its expansion
yahoo.com - December 20, 2019
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Other Industry News
Exciting hotels opening this winter
Thepointsguy.com - December 24, 2019
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The Future of Real Estate Boutique Rentals - Realty Times
Realty Times - NAR News - December 24, 2019
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Alternative Accommodations Likely to Bring Continued Disruption to Hotel Industry in 2020
Hotel Online - December 23, 2019
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Marriott to open 30 luxury hotels in 2020
Boardingarea.com - December 21, 2019
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New Hilton, Marriott, and Walt Disney Resorts recycle and donate used hotel soaps
Silicon Alley Insider - December 24, 2019
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Featured Listing
Best Western Plus Flathead Lake Inn & Suites
Kalispell, MT
- No PIP | Recent Renovation
- 3.7x Room Revenue Multiplier
- 2 Miles to Flathead Lake
 
Recent Closings
Holiday Inn Express
Santa Rosa, NM
$6,050,000
La Quinta Inn & Suites
Santa Rosa, NM
$6,050,000
Best Western Salisbury Plaza
Salisbury, MD
$5,080,000


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