Hospitality MarketWatch
Week of October 7th - October 11th

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
Hotel is being pitched near downtown San Jose's Google village
San Jose Mercury News - October 09, 2019

Quake-damaged Napa post office eyed for comeback in $100M hotel project
The North Bay Business Journal - October 07, 2019

Looking up: Bakersfield's hotel market continues upward trends
The Bakersfield Californian - October 06, 2019

California bans hotels from using tiny plastic bottles
The Times-News - October 09, 2019
West
Falcon Airport area getting long-awaited hotel
East Valley & Scottsdale Tribune - October 06, 2019

Vesta Hospitality Acquires Cannery Pier Hotel & Spa in Astoria, Oregon
Hotel Online - October 07, 2019
Midwest
Work begins on $20M hotel as Miller-Valentine makes Monument move
Dayton Daily News - October 09, 2019

Urban spelunking: New Drury Plaza Hotel opens in 1929 Eschweiler tower
OnMilwaukee.com - October 07, 2019

Hampton Inn shows off 4-story Burley hotel to community
Idaho State Journal - October 08, 2019
Northeast
Pebblebrook to Sell Kimpton Topaz Hotel in D.C. for $33M
REBusinessOnline - October 09, 2019

Regal Hospitality Acquires 191-Room Holiday Inn Newark Airport 
REBusinessOnline - October 09, 2019
Donohoe Development and Koucar Management Break Ground on Cambria Hotel Washington D.C. Capitol Riverfront
Hotel Online - October 08, 2019

New Rochelle unveils new downtown development
Real Estate Weekly - October 09, 2019

Phila.'s first micro hotel opens
Philadelphia Business Journal - October 04, 2019

New Holiday Inn Express planned in the Falls
Niagara Gazette - October 09, 2019
Southeast
Best Western Westbank Hotel Trades for $8.3M
canalstreetbeat.com - October 05, 2019

Kimpton Buckhead hotel set to open in late 2020
Atlanta Business Chronicle - October 08, 2019

Vision Hospitality Group Breaks Ground on Hampton Inn & Suites by Hilton in Downtown Huntsville, Alabama
Hotel Online - October 09, 2019

Hotusa Hotels buys the redeveloped Langford for $37M
The Real Deal - October 09, 2019

City Council passes hotel regulations overhaul
Charleston Regional Business Journal - October 09, 2019
Texas
3 hotels open in Texas
Hotel Management - October 09, 2019

Kimpton Hotels to open first Houston property in Midtown
Houston Chronicle - October 03, 2019
Canada
InnVest & Choice to spend $100 million on Comfort
Canadian Lodging News - October 08, 2019

Hotel rates in Canadian cities expected to rise
Canadian Lodging News - October 07, 2019
Other Industry News
A new look for Days Inn; Super 8 targeting group stays
Hotel News Now - October 08, 2019 
Featured Listing
Holiday Inn Express & Suites Omaha West
Omaha, NE
- Close Proximity to University of Nebraska & University of Nebraska Medical Center
- Located Near Airport, Air Force Base & Major Thoroughfares
- Excellent TripAdvisor Reviews  
 
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 K. 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