Hospitality MarketWatch
Week of October 21st - October 25th

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National
Hotel Investors' Wariness Rises Despite Record Travel Season
Commercial Property Executive - October 21, 2019
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U.S. hotel performance still growing, but what's on the horizon?
Hotel Management - October 22, 2019
California
Hollywood hotel designed by Martyn Lawrence Bullard to open in December
Curbed.com - October 21, 2019
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The West Hollywood EDITION
Hospitality.net - October 24, 2019

California Limits Use of Independent Contractors, Creating Significant Liabilities and Penalties for California Hotel and Restaurant Employers
Hotel News Resource - October 21, 2019
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West
MGM Resorts International sells Circus Circus for $825M
The Honolulu Star-Bulletin - October 20, 2019
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Construction Underway on Ambiente, North America's First Landscape Hotel
Hotel Online - October 23, 2019

Industry developer looks to bring hotel, office, residences to site along Colorado
Denver Business - October 23, 2019
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New renderings released for proposed hotel across from convention center
BusinessDen - October 17, 2019
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Midwest
Marcus & Millichap arranges sale of 134-room hotel in Arlington Heights
RE Journals - October 22, 2019

Newest Michigan Courtyard by Marriott opening near Lansing
RE Journals - October 23, 2019

Fairfield Inn & Suites opens at Summit Springs in New Albany
The Evening News - October 23, 2019

Longaberger basket building to become boutique hotel
Dayton Daily News - October 23, 2019

Ground broken on boutique hotel in downtown Champaign
The News-Gazette - October 18, 2019

Bien VenU is welcome addition to Cedar Valley hospitality landscape
Waterloo-Cedar Falls Courier - October 19, 2019
Northeast
Ocean Properties acquires Sheraton Portsmouth hotel
Portsmouth Herald - October 23, 2018

Now Open: Pod Philly, Philadelphia's First Micro-Hotel
Hospitality.net - October 18, 2019
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Foundations Nearing Street Level for Aloft Hotel at 50 Trinity Place in the Financial District
New York YIMBY - October 20, 2019
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Atlantic City casinos on pace for $3 billion in gaming revenue
The Press of Atlantic City - October 23, 2019
Southeast
TradeWinds Island Resorts in St. Pete Beach, Florida, has been sold to 754 Properties Group.
Business Observer - October 22, 2019

The Guitar-Shaped Hard Rock Hotel Is Set To Open This Week
Bisnow - South Florida - October 23, 2019

Downtown Marriott begins multimillion-dollar renovation
Richmond BizSense - October 17, 2019

New hotel, coffee shop proposed near future Gwinnett Amazon facility
Atlanta Journal-Constitution - October 22, 2019
Renderings show early vision for hotel at West Midtown's under-construction Interlock
Curbed.com - October 17, 2019
Texas
New Cambria Hotel opens in high-tech area near Richardson and Garland
CultureMap Dallas - October 23, 2019

Magnolia hotel off US-75 in Dallas to get snazzy renovation, new name
CultureMap Dallas - October 18, 2019
Brasfield & Gorrie to Build 500-Room Omni Hotel at New PGA Headquarters in Frisco
REBusinessOnline - October 18, 2019
Canada
Hilton's Canadian expansion plans
Canadian Lodging News - October 21, 2019

Marriott looks to continue growth across Canada
Hotel News Now - October 22, 2019
Edmonton prospers in the new ICE Age
Canadian Lodging News - October 21, 2019
Other Industry News
Vacasa Finalizes $162M Purchase of Wyndham Vacation Rentals
Hotel Business Magazine - October 23, 2019

Modular, collapsable hotel pods can be built in cities' interstitial spaces
Building Design + Construction - October 24, 2019
Featured Listing
316 Hotel
Wichita, KS
- 10.2% Cap Rate
- No New Supply Downtown
- Adjacent to Ascension Via Christi St. Francis Hospital
- 1 Mile to INTRUST Bank Arena
- 3 Miles to Wichita State University
 
Recent Closings
Quality Inn Barstow
Barstow, CA
$5,400,000
 
Days Inn Fontana Rialto
Rialto, CA
$9,250,000
 
Holiday Inn Express Development Land
Longmont/Firestone, CO
$999,999

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