Hospitality MarketWatch
Week of March 13th - March 17th

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.
National
Feds raise benchmark interest rate as US economy improves
The Post-Standard - March 15, 2017

M&M arranges $19M loan to develop Washington Hilton Garden Inn
Hotel Management - March 12, 2017

AH&LA Says Airbnb Driven by Commercial Operators
Hotel News Now - March 9, 2017

Hotels in Spring Break Markets Take Hit from Booze Bans
Hotel News Now - March 14, 2017
California
Disney-Area Ramada to Reflag
Orange County Business Journal - March 12, 2017

Planning Commission approves Koreatown hotel over objections
Curbed Los Angeles - March 12, 2017

New Lido House Hotel gets Coastal Commission OK to add 4,700 SFT
Los Angeles Times - March 13, 2017
West
Tucson, AZ Hotel Market Seeking Traction
Hospitality Net Industry News - USA & Canada - March 13, 2017

Ashford Snags Park Hyatt Beaver Creek, CO for $146M
Commercial Property Executive - March 14, 2017

Preston, ID hotel feasibility study splits City Council's attitudes
The Herald Journal - March 14, 2017

Idaho leads nation in job growth
The Times-News - March 15, 2017
Midwest
Home2 Suites by Hilton Evansville, IN Opens
Hospitality Net Industry News - March 15, 2017

Extended-stay hotel coming to Whitestown, IN
Indiana Economic Digest - March 15, 2017

Madison, WI hotel developers show proposal details
Wisconsin State Journal - March 14, 2017

GE Healthcare to add 170 Wisconsin jobs
BizTimes Media - March 15, 2017

Aloft opens in north Wichita
The Wichita Eagle - March 13, 2017

Duke Energy Convention Center discussed in Cincy
Cincinnati Business Courier - March 15, 2017
Northeast
Developer secures $120M to build Hyatt Place in Times Square
Real Estate Weekly - March 14, 2017

NYC's Roosevelt Island to get boutique Graduate hotel
Thunder Bay Chronicle-Journal - March 13, 2017

GFI scoops up JFK-area hotel for $60M
The Real Deal New York - March 14, 2017

FBI HQ Decision Put on Hold
Washington Business Journal - March 10, 2017

Pittsburgh: A 'solid' city with lots of supply
Hotel Management - March 13, 2017

Moxy Hotels coming to Pittsburgh
Pittsburgh Business Times - March 15, 2017

Towneplace Suites to Open in Pittsburgh Area
Hospitality Net Industry News - USA & Canada - March 15, 2017
Southeast
Hotel Construction Booming in Asheville, NC
Citizen-Times - March 15, 2017

Biloxi is site for Red Roof's 500th hotel
Mississippi Business Journal - March 14, 2017

April Opening Set for 150-Room Element Huntsville
Hotel Online - March 14, 2017

Alabama stats: More jobs, but more job seekers
Opelika-Auburn News - March 14, 2017

South Florida businesses closing; 327 to lose jobs
Sun-Sentinel - March 15, 2017

More Evidence that Florida's Tourism Industry Could be at Risk
WTSP - March 14, 2017
Texas
Is the Boom Back? Drillers to Spend $25B More in 2017
fuelfix.com - March 16, 2017

First project in Bedford Commons will be an extended-stay hotel
Star-Telegram - Business News - March 15, 2017

Construction to begin on Irving's new convention center hotel
Dallas Business Journal - March 15, 2017
Canada
Investors Not Buying BoC's Gloom; Bets on Rate Hike Mount
Financial Post - March 15, 2017

B.C. economy to grow more slowly over next two years
Vancouver Sun - Business - March 14, 2017

Coquitlam to lose a hotel for five high rises
Tri-City News - March 14, 2017
Other Industry News
Airbnb raises US$ 1 billion to expand; company valued at US$ 30bn
MercoPress - March 14, 2017

Best Western's Kong Says OTAs less of Threat Than Airbnb
Hotel Management - March 9, 2017

Hotel Overbuilding Softens New York, Hurts Austin, Crushes Oklahoma
Lodging Hospitality - March 11, 2017
Featured Listing
Days Inn Lake Village
Lake Village, AR
- 10% Cap Rate
- Near Airport & State Park
- 7.7% Annual RevPAR Growth
(Click picture for more information)
Recent Closings
Comfort Inn & Suites Chicago Tinley Park
Tinley Park, IL
$5,300,000

Hampton Inn Waldorf
Waldorf, MD
$7,775,000

Springhill Suites Prince Frederick
Prince Frederick, MD
$6,375,000



Portland, OR
(503) 200-2048

Baltimore, MD
(443) 703-5027
Reno, NV
(775) 348-5228
West Los Angeles, CA
(310) 909-2313
Phoenix, AZ
(602) 687-6791

Palm Springs, CA
(909) 456-7029

Sacramento, CA
(916) 724-1362



Ontario, CA
(909) 456-3420
Ontario, CA
(909) 456-7023
Ontario, CA
(909) 456-3430