Articles

Special Research Brief - May 2023

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Financial Markets
Special Report
Hospitality Outlook
Hotel Acquisitions
Projections for a Strong Summer Travel Season Bode Well for Hotel Performance Room demand approaching record high. Despite headwinds like widespread inflation, increased borrowing costs and a slow recovery of business travel, the U.S. hospitality industry has remained resilient. Summer air travel...

Shuttered South Austin hotel gets new owner

02/07/2022 - 11:25am
Source: Biz Journal | February 7, 2022 Dreamliner Global Inc., the new owner of Wyndham Garden Austin, plans to reopen the property soon — and may invest in new features. MARCUS & MILLICHAP A South Austin Wyndham hotel that fell into financial distress during the pandemic and shut down has...

Sale of TownePlace Suites Denver Airport Signals Recovery of Hospitality Industry

06/16/2021 - 8:34am
milehighcre | June 16, 2021 | Mile High Skyler Cooper, Allan Miller, Chris Gomes, and Michael A. Fasano investment specialists in Marcus & Millichap’s Dallas and Denver offices, had the exclusive listing to market the property on behalf of the seller, Arapahoe Development LLC. TownePlace Suites...

This Week's Chicago Deal Sheet

06/08/2021 - 8:39am
June 8, 2021 Brian Rogal, Bisnow Chicago A private investor sold Comfort Suites Lake Geneva East, an 80-room hospitality property at 300 East Main St. in Lake Geneva, Wisconsin, for $6.3M. Marcus & Millichap’s Ebrahim Valliani, Michael Klar, Allan Miller and Chris Gomes marketed the property on...

Marcus & Millichap Arranges The Sale Of A 58-Room Hospitality Property

05/26/2021 - 10:09am
City Biz | MAY 26, 2021 Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Best Western Roanoke Inn & Suites, a 58-room hotel located in Roanoke, Texas,...

Marcus & Millichap Arranges The Sale Of A 97-Room Hospitality Property

03/30/2021 - 11:12am
MARCH 30, 2021 | Citybiz Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of OYO Townhouse Houston, a 97-room hospitality property located in Houston, Texas,...

Deals Day: Investors acquire hotels in Dallas and Addison

02/11/2021 - 8:46am
By Ryan Salchert – Staff Writer, Dallas Business Journal Feb 11, 2021, 8:41pm EST COMMERCIAL SALES Two private investors traded the 82-room Comfort Inn North Dallas Galleria at 7815A LBJ Freeway in Dallas. Chris Gomes and Allan Miller of Marcus & Millichap’s Dallas and Austin offices...

Local Investor Group Buys Gonzales Hotel Order Reprints

10/01/2020 - 12:59pm
October 1, 2020 | Connect Texas Marcus & Millichap finalized the sale of Microtel Inn & Suites Gonzales, a 53-key hospitality property in Gonzales. A team of Houston-based Andrew B. Frosch and Joseph Manuel, Dallas-based Chris Gomes and Austin-based Allan Miller marketed the property on...

Marcus & Millichap Negotiates Sale of 50-Unit Best Western Hotel in Kansas

09/18/2020 - 11:59am
REBUSINESS ONLINE | Posted on September 18, 2020 by Kristin Hiller in Acquisitions, Hospitality, Kansas, Midwest WAKEENEY, KAN. — Marcus & Millichap has negotiated the sale of a 50-room Best Western Plus hotel in Wakeeney in central Kansas. The sales price was undisclosed. Built in 2005, the...

Round-up: Bastrop hotel, Austin apartment sold

09/19/2012 - 7:43am
By Jan Buchholz – Senior Staff Writer, Austin Business Journal Sep 19, 2012, 1:06pm EDT Here is a round-up listing of recent deals and announcements in the Austin real estate market since last Wednesday: An out-of-state private investor purchased the 69-room Comfort Suites hotel at 505 Agenes St...
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