Marcus & Millichap arranges sale of 117-room McHenry hotel property

04/16/2019 - 8:49am
April 16, 2019 | Staff Writer Marcus & Millichap facilitated the sale of Hampton Inn, a 117-room hospitality property located in McHenry, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed. Ebrahim...

Slidell Holiday Inn sold for $5.9 million

11/26/2018 - 10:08am
BY TIMOTHY BOONE | THE NEW ORLEANS ADVOCATE | NOV 26, 2018 The Holiday Inn Slidell has been sold to an Atlanta-area buyer for nearly $5.9 million. Huiana Lake Group of Norcross, Georgia, which lists Chenglun Huang as president, bought the 91-room hotel. The seller was St. Tammany Lodging LLC, a...

Demand Rises in Smaller Markets, Piquing Investor Interest

09/19/2018 - 11:12am
—Marcus & Millichap Q3 Report Posted by: Lodging Staff in Finance, Finance + Development, Market Reports | September 19 Marcus & Millichap reported a positive outlook for U.S. hotels as confidence remains high among both consumers and business owners. Marcus & Millichap this week...

Ten Years Later, Have Lodging Assets Recovered?

09/18/2018 - 3:18pm
Posted by: Robert Mandelbaum and Keval Rama in Featured, Finance, Finance + Development, Market Reports | September 18, 2018 Lodging is a cyclical industry, passing through four distinct phases over time: peak, contraction, trough, and expansion. Most industry experts believe that 2007 was the...

Marcus & Millichap sells 225-room hotel in Milwaukee market

09/18/2018 - 1:37pm
September 18, 2018 | Staff Writer at RE Journals Marcus & Millichap sold a 225-room hospitality property in Wausau, Wisconsin. The asset sold for $1.95 million. Allan Miller , Chris Gomes , Ebrahim Valliani and Michael Klar , investment specialists in Marcus & Millichap’s Chicago Oak Brook...

Marcus & Millichap sells hotel near Lake Geneva

09/13/2018 - 1:59pm
September 13, 2018 | Staff Writer at RE Journals Marcus & Millichap closed the sale of an 80-room hotel in Delavan, Wisconsin. The asset sold for $6.125 million. Allan Miller , Chris Gomes , Ebrahim Valliani and Michael Klar , investment specialists in Marcus & Millichap’s Austin, Chicago...

Colorado Springs Quality Inn trades for $6.8 million

07/18/2018 - 3:02pm
Featured in CREJ’s July 18-31, 2018, issue The buyer paid $6.8 million, or $77,272 per key, for the 88-room hotel at 2115 Aerotech Drive at the Colorado Springs Airport. A local limited liability company purchased its second midscale hotel in the Colorado Springs market with its purchase of the...
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2018 Hospitality North American Investment Forecast

Tags: 
hospitality
Investment Forecast
2018
National Economy The new tax law could play a signifi cant role in shaping both the economy and hospitality demand in 2018. A reduction in the corporate tax rate will be a windfall for corporations, encouraging several companies to increase investment in hiring, wages and business travel as a means...

Colorado Springs hotel industry extends growth streak in January after 2016 declines

02/23/2018 - 2:58pm
By: Wayne Heilman in the Gazette | Feb 23, 2018 The Colorado Springs hotel industry kept its winning streak alive in January with the occupancy rate edging higher for a third consecutive month after five months of declines, according to the Rocky Mountain Lodging Report. The 51.3 percent rate last...

Why Hospitality is Trending Toward Infill Historic Remodels

02/01/2018 - 3:35pm
JEREMIAH JENSEN | BISNOW DALLAS-FORT WORTH | FEB 1, 2018 In the last six months, there has been a spate of hoteliers remodeling historic infill properties in DFW. The Statler, The Cabana Motor Hotel and the very recent SpringHill Suites in the Fort Worth Stockyards are just some of the more recent...

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