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…
hospitality
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…
Marriott opens new TownePlace Suites in Wisconsin
Marriott International has opened its latest TownePlace Suites hotel, this one in Janesville, Wisconsin.
Marcus & Millichap sells 49-room hotel in Michigan
Marcus & Millichap closed the sale of Days Inn & Suites, a 49-room hospitality property in Benton Harbor, Michigan. The asset sold for $2.125 million.
Patti Sedlacek named VP at Hostmark Hospitality Group
Schaumburg, Illinois-based hotel management company Hostmark Hospitality Group has named Patti A. Sedlacek vice president of revenue management. In her new role, Sedlacek will work…
Fairfield Inn & Suites opens in Indiana community
The 81-room Fairfield by Marriott in Franklin, Indiana, opened for business on July 16. The new hotel is located at 350 Paris Drive and will…
Marcus & Millichap arranges sale of two Chicago-area hotel properties
Marcus & Millichap announced the sale of two hospitality properties in the Chicago area. The former Rodeway Inn in Joliet, Illinois sold for $1,750,000 while…