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Supply Boom Weighs on Occupancy in Dallas; Smaller Metros Attract Buyers Occupancy declines in major Texas markets amid growing hotel supply and readjustments from the hurricane. Hurricane Harvey lifted occupancy considerably in 2018. The rate will fall slightly this year as room nights adjusted...
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Nebraska, Minnesota Lead Regional Occupancy Gains Oil industry rebound may support improvement in North Dakota moving forward. Occupancy declined slightly through-out the Upper Midwest region during the past 12 months ending in June as rates plummeted in several states. Iowa, North Dakota and South...
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Houston’s Recovery Bodes Well For Hotel Property Performance A variety of forces are propelling hotel occupancies in Texas. The state continues to generate strong occupancy and RevPAR gains, primarily led by the Houston market. Though Hurricane Harvey boosted occupancy and revenue metrics as dis-...
STAFF REPORT | DALLAS BUSINESS JOURNAL | APR 28, 2018 Financial services firm Northern Trust Corp. is growing its presence in Dallas’ Uptown neighborhood. The company this week renewed its lease at the Saint Ann Court tower, where it has been a tenant for five years. Northern Trust also expanded...
ADINA MARCUT | COMMERCIAL PROPERTY EXECUTIVE | APR 20, 2018 The buyer plans to renovate the property and convert it into a branded hotel. Best Inn & Suites offers convenient access to the Denver International Airport. Marcus & Millichap has arranged the sale of Best Inn & Suites, a 190-...
LODGING STAFF | APR 4, 2018 GRAPEVINE, Texas–Marcus & Millichap, a commercial real estate investment services firm, has announced the sale of a two-property, 190-room hotel portfolio in Grapevine, Texas, in the Dallas/Fort Worth area. The properties are a 94-room Hampton Inn & Suites and a...
Posted by: Lodging Staff in Acquisitions, Development, Finance + Development April 4, 2018 GRAPEVINE, Texas–Marcus & Millichap, a commercial real estate investment services firm, has announced the sale of a two-property, 190-room hotel portfolio in Grapevine, Texas, in the Dallas/Fort Worth...
DALLAS BUSINESS JOURNAL | MAR 30, 2018 A hub in North Texas’ Telecom Corridor has traded hands for $5 million. Hartman vREIT XXI Inc., a Texas-focused real estate investment trust, has snapped up the Richardson Tech Center, a four-building, 96,600-square-foot property located two miles east of...
HOTEL BUSINESS | MAR 8, 2018 NATIONAL REPORT—The following companies bolstered their leadership rosters—Benchmark Hospitality, Associated Luxury Hotels, Marcus & Millichap, and American Express Travel. Here’s a look at executives on the move: Benchmark Names SVP of Sales & Marketing...
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New Tax Law Invigorates Value-Add Options in Hospitality Sector; Elevated Occupancies Reinforce Revenue Gains Economy gets a boost from tax reform. Economic growth surpassed 4 percent in the second quarter, lifted by strengthened consumption and business investment. The new tax law has stimulated...

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