Hospitality MarketWatch
Week of March 19th - March 23rd

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
M&M: Hospitality Gains Momentum in 2018
Commercial Property Executive - March 16, 2018

A look at how inflation affects the hotel industry
Hotel News Now - March 20, 2018
California
HomeAway must give San Francisco records on vacation rentals, court rules
San Francisco Chronicle - March 17, 2018

Four Sisters Inns has new owners, same dedication
Hotel News Now - March 21, 2018

LEGOLAND California Resort Opens New Castle Hotel
Focus Daily News - March 19, 2018
West
Embassy Suites To Open In Pioneer Square
Bisnow - Seattle - March 19, 2018

Condo tower on Waterfront Vancouver taking reservations
The Columbian - March 21, 2018

Colorado Springs hotels fill up in February thanks to mild weather
The Gazette - March 19, 2018
Midwest
The Siren Hotel to open in Detroit's Wurlitzer Building
WDIV - March 19, 2018

Airbnb announces tax agreement with state of North Dakota
The Jamestown Sun - March 17, 2018

Radisson Opens New Hotel in Eastern KS
Commercial Property Executive - March 19, 2018

Hilton Des Moines Hotel Tops Off
Commercial Property Executive - April 01, 2018

Akron's United Building hotel project gets big boost from new Community Revitalization Fund loan
The Cleveland Plain Dealer - Business - March 21, 2018

Convention demand drives Columbus' hotel openings boom
Hotel News Now - March 21, 2018
Northeast
Plans underway for a new $7.5 million hotel in Tazewell
Bluefield Daily Telegraph - March 19, 2018

New York hotelier making moves in Tinseltown
New York Post - March 19, 2018

Owners' vision for Fredericksburg Square's future include potential boutique hotel
The Free Lance-Star - March 21, 2018

Moxy Hotels to Open Two Properties in NYC
Hotel Business Magazine - March 21, 2018

A small Virginia town goes 'chic' with a new 'boutique' hotel
Richmond Times-Dispatch - March 21, 2018

Canon Hospitality Management Opens New 96-Suite Residence Inn by Marriott in Wilmington, Delaware
Hotel Online - March 21, 2018
Southeast
South Carolina Adds First My Place Hotel
Hotel Interactive - March 20, 2018

Orlando hotels add rooms, features to keep pace with travelers' demands
Orlando Sentinel - March 21, 2018

New Orleans hotels report February drop in numbers
New Orleans City Business - March 21, 2018

North Point Hospitality Celebrates Groundbreaking of New Hampton Inn & Suites by Hilton Atlanta Midtown
Hotel Online - March 21, 2018
Texas
Developers in Fort Worth want to turn this quarry into a complex complete with hotels, condos and a ferris wheel
The Dallas Morning News - Top Stories - March 17, 2018

Hurricane Harvey, oil recovery helped Texas hotel revenue grow by double digits in 2017
San Antonio Express-News - March 14, 2018

Dallas's First-Ever Luxury Hotel Unveils a Glamorous New Look
Robb Report - March 19, 2018
Canada
Hotel X opened its doors in Toronto today
blogTO - March 20, 2018

Sandman Hotel Group Opens Its First Hotel in Atlantic Canada
Global Newswire - March 21, 2018

Hoteliers bet on a bright future for Prince George, B.C.
CBC - March 19, 2018
Other Industry News
Soaring labor costs dampen hotel construction outlook
Hotel News Now - March 21, 2018

Select-service hotels now legitimate institutional investor play
Hotel Management - March 21, 2018
Featured Listing
La Quinta Inn & Suites Lexington Park Patuxent
California, MD
Motivated Seller: Price Reduced

- 9.9% Cap Rate
- Attractive Assumable Loan Available
- Demand from Patuxent Naval Air Station & Government Firms


(Click picture for more information)

Recent Closings
The Hotel Blue
Albuquerque, NM
$6,050,000

Best Western Plus Plaza Hotel Longmont
Longmont, CO

Holiday Inn Austin Conference Center
Austin, MN
$8,700,000



Portland, OR
(503) 200-2048
Baltimore, MD
(443) 703-5027
Reno, NV
(775) 348-5228
Phoenix, AZ
(602) 687-6791
West Los Angeles, CA
(310) 909-2313
Ontario, CA
(909) 456-3430
Palm Springs, CA
(909) 456-7029
Portland, OR
(503) 200-2057
Ontario, CA
(909) 456-3441
Ontario, CA
(909) 456-3420
Ontario, CA
(909) 456-7023