Hospitality MarketWatch
Week of September 30th - August 4th

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.
Marcus & Millichap
Marcus & Millichap brokers and finances Saratoga Springs hotel sale: 73-room Best Western trades for $5.6 million
nyrej.com - October 01, 2019
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Marcus & Millichap closes sale of 75-room hotel in Ohio
RE Journals - October 01, 2019
California
Hotels on track to get built near East Bay airport
San Jose Mercury News - October 02, 2019
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Further Plans Revealed for Hotel Conversion of Historic Core Building
Los Angeles Downtown News - October 02, 2019
West
Bleutech Park Las Vegas to break ground in Las Vegas Valley
Hotel Management - October 01, 2019
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Area's largest waterfront hotel debuts with a splash
The Herald - October 02, 2019

Plans call for six-story hotel at P.F. Chang's site along 15th Street
BusinessDen - September 27, 2019

Camas-Washougal, Vancouver ports present update on their waterfront projects
The Columbian - October 02, 2019
Midwest
Hastings riverfront development partners with Wisconsin company on hotel portion
The Farmington Independent - October 02, 2019

Plans for King Cole Building call for $21M redevelopment, Motto hotel
Indianapolis Business Journal - September 30, 2019

Residence Inn Hotel to Open in Ankeny, Iowa
Travel Daily News - September 30, 2019
Kinseth Announces Ribbon Cutting and Grand Opening of Tru by Hilton in Brookfield, Wisconsin!
Hospitality Net - September 27, 2019
Northeast
South Korean firm snaps up two Midtown hotels for $137M
The Real Deal - September 30, 2019

Hopkins to convert Charles and Blackstone apartments to 115-room hotel 
Baltimore Fishbowl - October 02, 2019
Legoland announces opening day for upstate Legoland resort
Albany Times Union - October 02, 2019
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Pebblebrook sells second Kimpton-managed hotel for $23M
Washington Business Journal - October 01, 2019

Choice Opens 159-Room Cambria Hotel in South Boston
REBusinessOnline - October 01, 2019
Southeast
Luxury Projects, 20 Towers, Planned for Hallandale Beach
Bisnow - South Florida - October 02, 2019

The Ben West Palm eyes winter opening
Hotel Management - October 03, 2019

Quadrum Global plans Arlo hotel in Wynwood
The Real Deal Miami - October 02, 2019

Work starts on new Marriott, plaza
The Venice Gondolier Sun - October 02, 2019
Legoland sets opening date for pirate-themed hotel
The Toronto Star - September 27, 2019
Texas
Financing Paves Way for 550 KSF Dallas Mixed-Use
Commercial Property Executive - September 27, 2019

White Lodging Celebrates Topping Off of Austin Marriott Downtown
Hotel Online - September 30, 2019

New hotel opens in Houston's surging Heights area
Houston Business Journal - September 30, 2019
Other Industry News
Real estate giant CoStar to buy STR hotel research company for $450 million
The Albany Business Review - October 02, 2019 

Blackstone acquires controlling interest in Great Wolf Resorts
Daily Herald Business Ledger - October 02, 2019
Featured Listing
Conversion Opportunity (Ramada Inn)
Cumberland, MD
- 2.8x Room Revenue Multiplier
-3 Miles from Tri-state Zoological Park
- Clarion Conversion Opportunity
- 3 Minutes from the Western Maryland Scenic Railroad
Recent Closings
Days Inn Fontana Rialto
Rialto, CA
$9,250,000
Holiday Inn Express Development Land
Longmont/Firestone, CO
$999,999
Comfort Inn & Suites
Omaha, NE
$4,800,000

Shane Hanrahan
Portland, OR
(503) 200-2048
Josh Tammen
Phoenix, AZ
(602) 687-6791

Karianne Cibello
Baltimore, MD
(443) 703-5027
Timothy J. Watkins
Reno, NV
(775) 348-5228
Shane Lupo
Ontario, CA
 (909) 456-3430
Kelly Hansen
Ontario, CA
(909) 456-3441
Matthew Monahan
West Los Angeles, CA
(310) 909-2313
Brant Keiki Nelson
Portland, OR
 (503) 200-2057
Palm Springs, CA
 (909) 456-7029
Justin Bowen
Ontario, CA
(909) 456-7023

Zac Walsh
Baltimore, MD
(443) 703-5029
Tulsee Nathu
Oakland, CA
(806) 676-6584
Ontario, CA
(909) 456-3420