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Midyear 2023 National Hospitality Market Reports "Travelers have continued to flock to hotels in greater numbers so far in 2023, as wage growth and consumer confidence largely offset inflation pressures in vacations and other trip planning. Roughly 634 million room nights have been booked through...
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Read the Full Article by The Real Deal Here Austin Between South by Southwest, the Formula 1 Grand Prix and seemingly every bachelorette party in the country, there’s no shortage of visitors in Austin. But occupancy rates remain well below pre-pandemic levels, and economic worries are only making...
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Midyear 2022 North American Hospitality Investment Forecast Report "The durability of hospitality investors cannot be overstated as the global pandemic begins to recede in the rear-view mirror. Finally, after two challenging years, performance metrics have begun to approach pre-pandemic levels...
Chris Gomes, the firm's senior managing director of investments, recently helped investors close nearly a half-dozen hotel transactions, enabling buyers to capitalize on an impending SBA incentive deadline. It's been our "most exciting two weeks since April," he says. BY QUINCY PRESTON • NOV 9,...
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Small-Market and Affordable Hotels See Gains; Long Road to Recovery Lies Ahead for the Lodging Sector Hospitality’s progress slows amid spreading infection. Ho-tels, along with other businesses, began to see rising foot traffic in late spring as many cities initiated phased reopenings of their lo-...
June 10, 2020 | REJournals Marcus & Millichap closed the sale of La Quinta Inn Milwaukee Airport, a 99-room hospitality property in Oak Creek, Wisconsin. The asset sold for $5.9 million. Ebrahim Valliani, vice president investments; Allan Miller, senior vice president investments; and Chris...
BY STAFF WRITER | PUBLISHED IN RE JOURNALS | FEBRUARY 13, 2020 9:00 AM Marcus & Millichap brokered the sale of the Regency Inn at 1350 E. Ogden Avenue in Naperville, Illinois, for $3.35 million, according to Steven Weinstock, regional manager and first vice president for the firm’s Chicago Oak...
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Summer Season Boosts Travel, Delivering Record Performance; Investor Caution Rising Amid Mixed Economic Outlook Hotel sector delivers record performance. Historically low unemploy-ment is contributing to higher wages and elevated consumer confidence, supporting record travel this year. Sentiment is...
Posted on September 9, 2019 by Kristin Hiller in Acquisitions, Hospitality, Midwest, Wisconsin | REBusiness Online WEST BEND, WIS. — Marcus & Millichap has brokered the $3.5 million sale of the Country Inn & Suites West Bend. The 58-room hotel is located at 2000 Gateway Court in West Bend,...
August 21, 2019 | Staff Writer | RE Journals Marcus & Millichap closed the sale of Comfort Inn, a 89-room hospitality property in Festus, Missouri. The asset sold for $3.65 million. Ebrahim Valliani, first vice president investments; Michael Klar, an associate; Allan Miller, senior vice...

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