Hospitality MarketWatch
Week of July 29th - August 2nd

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
Swon, Zagoria and Pierce of Marcus & Millichap complete sale of 67-room Comfort Inn Plymouth
nerej.com - July 26, 2019

Marcus & Millichap Sells Iconic Ocean Drive Hotel For $28 Million
CRE-Sources South Florida - July 29, 2019
California
Hyatt's Bay Area Boom
San Francisco Chronicle - July 29, 2019

Downtown's low-income Barclay Hotel to become '4.5-star, luxury' boutique hotel
Hotel Online - July 30, 2019

Midas Hospitality and InSite Development to Develop Residence Inn in Lancaster, California
Hospitality Net - July 31, 2019
West
Marriott's Aloft hotel opens near Westgate
The Glendale Star - July 28, 2019

Tourism group reports increase in visitors last month
The Las Vegas Sun - July 30, 2019

WhyHotel Continues West Coast Expansion with Launch of Seattle Pop-Up Hotel
yahoo.com - July 31, 2019
Midwest
Thrash Group Opens 120-Room Hotel Within Summit at Fritz Farm in Lexington
REBusinessOnline - July 29, 2019

112-Room Cambria Hotel Opens in Bettendorf, Iowa
REBusinessOnline - July 30, 2019

NexGen Hotels & Genuine Hospitality Break Ground on New TownePlace Suites by Marriott in Waukegan, Illinois
Hotel Online - July 29, 2019

North Central Group sells Nebraska Hampton to Nightcap Hospitality
Hotel Management - July 31, 2019
Northeast
4 hotels open in New York
Hotel Management - July 31, 2019

Equinox Hotel Opening: Executive Chairman Harvey Spevak Gives Tour
National Real Estate Investor - July 29, 2019

Hyatt Regency Bethesda completes $37M renovation
Hotel Management - August 01, 2019

Private lifestyle Fitler Club opens in Philadelphia
Hotel Management - July 29, 2019
Southeast
Aloft hotel planned for Sandy Springs
Atlanta Business Chronicle - July 26, 2019

Plans for Epicurean Hotel expansion next to Bern's Steak House are moving forward
Tampa Bay Business Journal - July 26, 2019

Carrol Properties sells Florida Best Western
Hotel Management - July 29, 2019

Downtown Hilton Knoxville sold for $33M to new owner of The Tennessean Hotel
Knoxville News Sentinel - July 30, 2019

Developer borrows $105M, breaks ground for mixed-use Flagler Village project
The Real Deal Miami - July 28, 2019
Texas
Houston's first Cambria hotel to open in historic downtown building this week
Houston Business Journal - July 30, 2019

AC Hotel and Residence Inn to Open in Frisco, Texas
Hospitality Net - July 30, 2019

WoodSpring Suites Opens 123-Room Hotel in San Antonio
REBusinessOnline - July 31, 2019

Hotel at US 82 and I-35 opening Wednesday
Gainesville Daily Register - July 30, 2019
Other Industry News
AHIP set to sell 45 economy hotels, shift focus
Hotel Management - July 31, 2019

Room rates set to increase for several key U.S. cities
Hotel Management - July 30, 2019
Featured Listing
Holiday Inn Casa Grande
Casa Grande, AZ
-8.6% Cap Rate
-2.3x Room Revenue Multiplier
-Conveniently Located Midway Between Phoenix and Tucson
-Located in a City Undergoing Tremendous Development
Recent Closings
Holiday Inn Express Development Land
Longmont/Firestone, CO
$999,999
Comfort Inn & Suites
Omaha, NE
$4,800,000
Residence Inn
Albuquerque, NM
$14,825,000

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
Ontario, CA
(909) 456-3420