Hospitality MarketWatch
Week of May 6th - May 10th

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.
California
Excel Hotel Group Opens 107-Key SpringHill Suites by Marriott in Escondido, California
Hotel Online - May 03, 2019

Owned and Managed by Prime Hospitality Services, Fairfield Inn & Suites by Marriott Opens in Bakersfield, California
Hotel Online - May 03, 2019

SF Planning Commission gives greenlight to Teatro ZinZanni, hotel and park at waterfront
San Francisco Examiner - May 04, 2019

Riverside OKs doubling of convention center, 376 new hotel rooms, housing and an amphitheater
Hotel Online - May 08, 2019

Tourist-Driven Revenue in LA County Increased 4.9% to $36.6B
Los Angeles Business Journal - May 07, 2019
West
Fairfield by Marriott Opens in Denver
Commercial Property Executive - May 07, 2019

Boise's Red Lion Downtowner to get a $10 million overhaul, a new name - and new prices
The Idaho Statesman - May 08, 2019

New hotels will add rooms for business, sports travelers
The Portland Tribune - May 09, 2019
Midwest
Hospitality Properties Trust Acquires Wisconsin's Crowne Plaza Milwaukee West for $30 Million
Hotel Online - May 08, 2019

MCR Acquires Two Properties in Northwest Indianapolis
Hotel Online - May 07, 2019

Developer plans to turn old Iowa school into boutique hotel
Hotel Online - May 07, 2019
Northeast
Dovetail + Co, Urban Cowboy acquire Catskills inn for $1.4M
Hotel Management - May 02, 2019

Mukura Inc. to build Four Points by Sheraton hotel at 351 Southern Blvd.
New York Real Estate Journal - May 07, 2019

Birchington to Break Ground on $93M Holiday Inn Express in D.C.
REBusinessOnline - May 08, 2019

New York mixed-use development plans second hotel
Hotel Management - May 07, 2019

Swon, McCaffrey and Zagoria of Marcus & Millichap broker $3 million hotel sale
New York Real Estate Journal - May 07, 2019
Southeast
Wexford Buys DoubleTree Near Nashville Airport
Commercial Property Executive - May 07, 2019

New renderings give glimpse inside 975-room convention hotel
Atlanta Business Chronicle - May 06, 2019

Developers planning second Hotel Indigo for The Grove; construction could start in 3 months
The Advocate - May 02, 2019

Dallas developer reveals look of 1 Hotel, Embassy Suites project in SoBro
Nashville Business Journal - May 08, 2019

Construction begins on second Nashville Cambria
Hotel Management - May 07, 2019

Tru by Hilton planned for Mandarin in Jacksonville
Jacksonville Business Journal - May 08, 2019

Volusia hosts a record 10.2M tourists in 2018
The News-Journal - May 08, 2019

Port Allen hotel sells for $3.9 million
The Advocate - May 08, 2019
Texas
HALL Group Tops Out 28-Story Hotel, Residential Project in Dallas Arts District
REBusinessOnline - May 03, 2019

Fort Worth is getting a new Hyatt Place hotel - on TCU's campus
Fort Worth Star-Telegram - May 06, 2019

G6 Hospitality Opens Two Newly-Built Dual Branded Hotels in Texas
Hotel Online - May 06, 2019

CVC: Barfield already eyeing potential patrons
Amarillo Daily News/Amarillo Globe Times - May 09, 2019
Canada
Oxford planning to sell 50% stake in some of Canada's most iconic hotels in Whistler, Lake Louise, Banff Springs and Jasper
The Vancouver Sun - May 02, 2019

Digital hotels could ease Vancouver's hotel space shortage
Business in Vancouver - May 08, 2019
Other Industry News
Startups and hospitality giants are embracing "apartment hotels"
The Real Deal New York - May 07, 2019
Featured Listing
Holiday Inn Casa Grande (Convert to Four Points 
by Marriott)
Casa Grande, AZ
-Near Several Distribution Centers:
Wal-Mart, Tractor Supply Co., Daisy Foods, & Frito-Lay
-Located in a City Undergoing Tremendous Development | 30,000+ New Jobs
Within Next 10 Years
Recent Closings
Best Western Capistrano Inn
San Juan Capistrano, CA
$14,350,000

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

Econo Lodge Inn & Suites Near China Lake Naval Station
Ridgecrest, CA
$3,400,000


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
Baltimore, MD
(443) 703-5029

Broderick Cook
Seattle, WA
(206) 826-5687
Baltimore, MD
(443) 703-5029
Ontario, CA
(909) 456-3420