Hospitality MarketWatch
Week of April 1st - April 5th

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
Falling U.S. interest rates offer opportunities for investors
Hotel Management - April 01, 2019
California
New downtown San Jose hotel near Google transit village is bought
Contra Costa Times - April 01, 2019

RAR Hospitality Breaks Ground on The Monsaraz, Tapestry Collection by Hilton in San Diego, California
Hotel Online - April 01, 2019

Hilton Checkers Los Angeles Unveils a Stylish New Look that Complements its Legacy
AP NEWS - April 03, 2019

Renderings Revealed for 37-Story Hotel Tower Planned Near the L.A. Convention Center
Urbanize LA - April 03, 2019
West
Hotel Equities snaps up Colorado Fairfield Inn & Suites
Hotel Management - April 01, 2019

Best Western opens upscale location in Vancouver, Wash.
Hotel Management - March 29, 2019

My Place breaks ground in Carson City, Nev.
Hotel Management - April 01, 2019

Hard Rock Hotel Las Vegas closing will happen, but not for a while
Los Angeles Times - April 03, 2019
Midwest
Dual-brand Hyatt Place, Hyatt House opens in Indianapolis
Hotel Management - April 03, 2019

Sheraton Hotel in Brookfield has new owners
BizTimes Media Milwaukee - April 01, 2019

Bricktown hotel scrapped in favor of assisted living center
The Daily Oklahoman - March 29, 2019

Hyatt Regency Deerfield Undergoes Multi-Million Dollar Renovation
Hotel Online - March 29, 2019

Temple Detroit hotel development to cost $72M, open June 2020
Detroit News - Business - April 03, 2019
Northeast
Swon, Zagoria and Pierce of Marcus & Millichap broker $7.3 million sale of 102-room Comfort Inn University
New York Real Estate Journal - April 02, 2019

Magna Hospitality Buys Garment District Hotel from Sam Chang for $274M
The Commercial Observer - March 29, 2019

Equinox to Open in NYC; Plus More Hotels in Gateway Cities
Hotel Business Magazine - April 03, 2019

OTO Development Breaks Ground on Hyatt Place National Harbor in Prince George's County, Maryland
Hotel Online - April 03, 2019

Ocean-block hotel moves forward in Rehoboth Beach
Cape Gazette - April 02, 2019

Juniper Capital & IMH Financial Acquire The Time Nyack Hotel
Hotel Online - April 02, 2019

Work to begin soon on new Somerset hotel
The Herald News - April 03, 2019
Southeast
Wexford Lodging Advisors & Trinity Private Equity Group Complete JV Acquisition of 138-Suite DoubleTree Suites Hotel Nashville Airport
Hotel Online - April 03, 2019

Fort Lauderdale's tallest building to include Hyatt Centric
Hotel Management - April 02, 2019

Miami's Blue Lagoon Has 888 Apartments, 294 Hotel Rooms Coming
Bisnow - South Florida - April 03, 2019

The Ritz-Carlton, South Beach Undergoing Hotel-Wide Transformation
Hotel Online - April 02, 2019

Gulf Coast's first indoor waterpark hotel is on the way with $100M expansion
The Sun Herald - April 02, 2019

Downtown's Hyatt House to open April 4
The Augusta Chronicle - April 04, 2019

SpringHill Suites by Marriott Opens in Greensboro, North Carolina With General Manager Tricia Southard at the Helm
Hotel Online - April 02, 2019
Texas
Roanoke will get a new SpringHill Suites hotel next year
Fort Worth Star-Telegram - April 01, 2019
 
Two Marriotts along I-30 have been sold
Texarkana Gazette - April 02, 2019
Canada
This is what the Park Hyatt in Toronto will look like once it's rebuilt
blogTO - April 02, 2019

Canada's Ivey purchasing index shows faster expansion in March
Reuters - April 04, 2019
Other Industry News
Hotel Internet Services Survey of Hoteliers and Guests Reveals Latest Hospitality Wi-Fi Trends and Expectations
Hotel Online - April 03, 2019
Featured Listing
Quality Inn Santa Nella
Santa Nella, CA
- #1 Hotel in Santa Nella, CA
- 7 Miles from San Luis Reservoir State Recreation Area
- Near Interstate 5
-Excellent Frontage on State Route 33
- 26% 5-Year IRR

Recent Closings
Best Western Capistrano Inn
San Juan Capistrano, CA
$14,350,000

Catalina Island Inn
Avalon, CA
$9,500,000

Americas Best Value Inn Richmond San Francisco
Richmond, CA
$5,280,001


Phoenix, AZ
(602) 687-6791
Reno, NV
 (775) 348-5228

Ontario, CA
(909) 456-3441
Baltimore, MD
 (443) 703-5027
Portland, OR
 (503) 200-2048
Ontario, CA
(909) 456-3430
Portland, OR
(503) 200-2057
West Los Angeles, CA
 (310) 909-2313
Palm Springs, CA
 (909) 456-7029
Ontario, CA
(909) 456-3420
Ontario, CA
(909) 456-7023
Baltimore, MD
(443) 703-5029