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…
hospitality
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…
Cicero’s Development to renovate DoubleTree Hotel at Chicago’s Midway Airport
Cicero's Development Corp., a Plainfield, Illinois-based general contractor, has been selected by Weglarz Company for the transformation and rebranding of the Holiday Inn Midway hotel…
Marcus & Millichap sells 56-room Super 8 in Wisconsin
Marcus & Millichap closed the sale of a 56-room Super 8 motel in Eau Claire, Wisconsin. The asset sold for more than $2.357 million.
Cohen Financial arranges acquisition loan for boutique hotel in Streeterville
Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, announced that Dan Rosenberg, managing director, and Matt Terpstra, vice…
For hotels, it’s all about the experience
Brand loyalty used to drive hotel guests' decisions, but there's been a shift toward experience. In order to balance guests' desires for convenience and exclusivity,…
Missouri city welcoming first Avid hotel
The City of Belton, Missouri, has approved development plans for a 95-room Avid Hotel by Intercontinental Hotels Group. Located on the north side of 58…
CBRE sells Holiday Inn Express in Indiana
CBRE has arranged the sale of the Holiday Inn Express & Suites in Madison, Indiana. Nate Sahn, Pravin Boteju and James Foxx represented the seller,…
Indiana’s Fair Oaks Farms gets first overnight hotel
Fair Oaks Farms in Fair Oaks, Indiana, opened its first hotel on the property, a 99-room Fairfield by Marriott, Fair Oaks Farm.
Marriott hotel opening near Louisville airport
Marriott International's TownePlace Suites by Marriott Lousville Airport is scheduled to open Jan. 30. The new hotel is located at 6601 Paramount Park Drive in…