hospitality

DoubleTree by Hilton just off Chicago’s Mag Mile undergoes $35M renovation

The DoubleTree by Hilton Hotel Chicago – Magnificent Mile recently unveiled a $35 million dollar hotel transformation that includes renovated guest rooms, lobby, meeting space and…

Waterford Hotel Group, Waterton forge partnership to grow hospitality footprint

Waterford Hotel Group, a leading hospitality management company, and Waterton, a Chicago-based real estate investor and operator, today announced that they have joined forces to…

Short-term stay operators blur the line between apartment and hotel

Sometimes, market disruptors shake things up so much, they settle right back to where they started. That's why a recent trend is leading to the…

Akara Partners completes Home2 Suites by Hilton Chicago River North

Akara Partners, a real estate direct-investment, development and operations firm based in Chicago, has completed Home2 Suites by Hilton Chicago River North, a 17-story extended…

Geneva, Illinois hotel property sells for $6.2 million

Marcus & Millichap announced the sale of Comfort Inn & Suites, a 90-room hospitality property located in Geneva, Illinois, according to Steven D. Weinstock, regional…

Cressy Commercial leading $15 million renovation of former Indiana hotel

The Hotel Elkhart in Elkhart, Indiana, was originally built by a collection of civic leaders in 1923 and served as “Northern Indiana's Finest Hotel" for…

OhioHospitality

Residence Inn opens doors in Ohio community

A 106-suite Residence Inn by Marriott opened last week in Masion, Ohio. Located at 2511 Kings Center Court, the all-suite hotel will operate as a…

TennesseeHospitality

Courtyard, Residence Inn open in Knoxville

A combined 144-room Courtyard by Marriott and an 88-suite Residence Inn by Marriott has opened in Knoxville, Tennessee.

For cap rates, stability the driving force

During the second half of 2018, capitalization rates broadly remained stable, buoyed by a trio of macro factors—positive economic growth, abundant capital and a favorable…

Marcus & Millichap sells 62-room hotel property in Fort Wayne

Marcus & Millichap closed the sale of Best Western Plus Fort Wayne Inn & Suites, a 62-room hotel property in Fort Wayne, Indiana. The asset…