Hospitality MarketWatch
Week of November 12th - November 16th
REMINDER -- Register for our Upcoming Webcasts:
Opportunity Zones - The "Next Big Thing" to Propel Real Estate?
Opportunity Funds, last minute steps you can take to cut taxes and keys to success in 2019 - maximizing the new tax laws
 
Tuesday, November 27 - 9:00 a.m. PDT | 12:00 p.m. ET
Navigating the Maturing Market - 2019 Hospitality Forecast
Can the economy sustain momentum in 2019? Will record occupancy and RevPAR growth continue? Why demographics/changing behavior are reshaping the hotel sector & how hotel chain scales could realign investment strategies in 2019.
 
Thursday, November 29 - 11:00 a.m. PDT | 2:00 p.m. ET

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
La Quinta opens seven new hotels in Q3 2018
Hotel Management - November 14, 2018

How slowing GDP growth could hurt hotel RevPAR
Hotel Management - November 14, 2018

Leading hotel markets in the U.S. construction pipeline
Building Design + Construction - November 12, 2018
California
L.A. City Council committee endorses $1.2-billion expansion of convention center and hotel
Glendale News-Press - November 13, 2018

Marriott suites open in Chino Hills
The Press-Enterprise - November 12, 2018
West
Kinseth Hospitality Breaks Ground on Homewood Suites Hotel in Dillon, CO
Hotel Online - November 12, 2018

New hotel in Portland's Old Town brings hope for revitalization
KGW - November 14, 2018

Graduate Hotels Opens 154-Room Graduate Seattle in Washington Led by General Manager Senada Hajric
Hotel Online - November 14, 2018
Midwest
New name, logo and design plans unveiled for city's first arts hotel
OnMilwaukee.com - November 12, 2018

$6M overhaul to transform Holiday Inn into 'upper upscale' hotel
Grand Rapids Press - November 12, 2018

Four Seasons commits to downtown Minneapolis hotel at United Properties' Gateway project
The Minneapolis and St Paul Business Journal - November 14, 2018

Expansion at Choctaw Casino & Resort in Durant to include new hotel, bring jobs
Oklahoma's News 4 - November 14, 2018
Northeast
Courtyard and Residence Inn by Marriott Debut in Central DC, Managed by Crestline Hotels and Resorts
Hotel Online - November 09, 2018

New midscale hotel to rise in Richmond
Richmond BizSense - November 12, 2018

Two New Hotels Coming to 51 and 55 Sheffield Avenue in East New York, Brooklyn
New York YIMBY - November 13, 2018

New Virginia Beach Oceanfront hotel will feature rooftop restaurant
The Virginian-Pilot - November 10, 2018

New Woodspring Suites opens near Washington, D.C.
Hotel Management - November 09, 2018

Gulph Creek Hotels Breaks Ground on the Residence Inn
Hotel Online - November 14, 2018
Southeast
AD1 Global Breaks Ground on Tru by Hilton Ft. Lauderdale Airport
PR.com - November 12, 2018

Songy Highroads, Hyatt Hotels Underway on 175-Room Hotel in Downtown Atlanta
REBusinessOnline - November 12, 2018

Developer pays $7.6M for downtown Tampa site to build dual-brand Hyatt hotel
The Real Deal Miami - November 11, 2018

Margaritaville Holdings and Premier Development Group Sign Agreement for New Destination Resort in Panama City Beach
Hotel Online - November 14, 2018

Locals set to develop hotel on Poplar Avenue, near I-240
Memphis Business Journal - November 14, 2018
Texas
Hipster hotel in Arlington? Popular millennial brand might join entertainment district
Fort Worth Star-Telegram - November 14, 2018

Omni Houston Hotel Completes $30 Million Renovation
Hotel Online - November 09, 2018

Inn-crease: North Texas hotel room growth outpaces most of U.S. 
The Dallas Morning News - Top Stories - November 14, 2018
Canada
Radisson Hotel Group Announces Intent To Open Its First Radisson Blu In Canada
Hospitality Net - November 09, 2018

People in Nunavut's tourism industry to benefit from federal investments in Indigenous tourism and business development
Cision - November 14, 2018

Hôtel Le Crystal Undergoing Major Renovation
Hotelier - November 14, 2018
Featured Listing
The Varden Hotel and Development Land
Long Beach, CA
- #1 Ranked Hotel with Land Available for Separate Purchase
- High RevPAR Growth
- Minutes to Convention Center, Aquarium, Hospital, Port & Airport


Recent Closings
Baymont by Wyndham Tempe Scottsdale
Tempe, AZ
$7,850,000

La Quinta Inn & Suites Lexington Park Patuxent
California, MD
$7,200,000

Best Western Hospitality Lane
San Bernardino, CA
$7,500,000


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
Baltimore, MD
(443) 703-5029