Marcus & Millichap sells 58-room hotel in Wisconsin
Marcus & Millichap closed the sale of Country Inn & Suites West Bend, a 58-room hospitality property in West Bend, Wisconsin. The hotel sold for…
hospitality
CBRE brokers sale of downstate hotel property
CBRE facilitated the sale of a 55-room Quality Inn hotel at 134 Barnett Avenue in Forsyth, Illinois. Located near Decatur, the property is across the…
Banyan Investment Group acquires 89-room East Peoria hotel
Florida-based hotel investment and management company, Banyan Investment Group, acquired the 89-room Fairfield Inn & Suites by Marriott Peoria East. The company also will operate…
Pizzuti celebrates topping out ceremony for Nashville hotel
The Pizzuti Companies and its general contractor Brasfield & Gorrie held a topping out ceremony Aug. 22 at The Joseph Nashville, a Luxury Collection Hotel…
Leslie Danford named new regional head, Midwest of hotel startup
OYO Hotels & Homes, a fast-growing hotel startup, has appointed Leslie Danford as its Midwest regional head. Based in Chicago, Danford brings more than 12…
Arlington Heights hotel sells for $7.5 million
Marcus & Millichap closed the sale of Comfort Inn, a 125-room hospitality property located at 2120 S. Arlington Heights Road in Arlington Heights, Illinois. The…
For the first half of 2019, cap rates remained stable
Thanks to moderate growth, low inflation and falling long-term interest rates, cap rates for commercial real estate assets held steady in the first half of…
DoubleTree Midway to get new public spaces in final phase of renovation
Cicero's Development Corp. has completed the initial phase of rebranding the Holiday Inn Midway, situated a few blocks from Chicago's Midway International Airport, to the…
Marcus & Millichap sells Comfort Inn in Missouri
Marcus & Millichap closed the sale of Comfort Inn, a 89-room hospitality property in Festus, Missouri. The asset sold for $3.65 million.
Hilton Columbus Downtown starts construction of 28-story expansion
Hilton Columbus Downtown, owned by the Franklin County Convention Facilities Authority and managed by Hilton Management Services, broke ground on a 28-story tower to create…