CBRE adds first vice president for hotels in Columbus office
Laurel Keller has joined CBRE as a First Vice President in its Columbus, Ohio, office for CBRE Hotels. In this role, Keller works alongside Eric Belfrage and Michael…
hotel
Marcus & Millichap negotiates sale of 98-room hotel in Anderson
Marcus & Millichap brokered the sale of a 98-room Comfort Inn hotel property in Anderson, Indiana. Ebrahim Valliani and Michael Klar, investment specialists in Marcus & Millichap’s…
Marcus & Millichap closes sale of 45-room hotel in Detroit Lakes
Marcus & Millichap negotiated the sale of a 45-room Country Inn & Suites property in Detroit Lakes, Minnesota. Joseph Ferguson, Jon Ruzicka, Reed Gizinski and Brock…
HREC brokers sale of 70-room hotel in Mounds View
HREC Investment Advisors arranged the sale of the 70-room AmericInn Mounds View Minneapolis, in Mounds View, Minnesota. The property was acquired by SevenFour Hospitality, a…
High gas prices still putting a hurt on hotel industry
The U.S. hospitality sector continues to face a challenging travel environment this summer, but a shortage of new hotel construction and improving investment activity point…
Before you buy your first hotel: Key considerations for real estate Investors considering hotel acquisitions
Investors with significant experience buying and selling triple net real estate often evaluate prospective investments by analyzing predictable rent schedules, tenant (and guarantor) financial statements,…
JLL closes sale of 244-room hotel in Houston’s CITYCENTRE district
JLL’s Hotels & Hospitality Group announced today it has completed the sale of the Moran Hotel CITYCENTRE, a premier 244-room lifestyle hotel strategically positioned within…
Marcus & Millichap brokers sale of 63-room hotel property in Des Moines market
Marcus & Millichap negotiated the sale of a 63-room Country Inn & Suites hotel property in the Des Moines MSA. Jon Ruzicka, investment specialist in Marcus &…
Hunter Advisors closes sale of 233-room Homewood Suites in downtown Chicago
Hunter Advisors negotiated the sale of the Homewood Suites Chicago-Downtown, a 233-room, extended-stay hotel in Chicago. The transaction was led by Spencer Davidson, Senior Vice…
Midas Hospitality tackling $81 million revitalization of Edison Brothers Building in St. Louis
Midas Hospitality has begun an $81 million revitalization of the historic Edison Brothers Building in Downtown St. Louis, marking a significant reinvestment in one of the city’s most…