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Embassy Suites Pittsburgh Airport Sold for $25 Million

Embassy Suites Pittsburgh Airport Sold for $25 Million

CORAOPOLIS, Pa.—Commercial real estate investment services firm Marcus & Millichap recently announced the sale of the 223-room Embassy Suites Pittsburgh Airport in Coraopolis, Pennsylvania. The property sold for $25 million, which equates to $112,108 per room. Jerry Swon and Daniel ...

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Marcus & Millichap Report Forecasts Hospitality Investment for 2018

Marcus & Millichap Report Forecasts Hospitality Investment for 2018

Marcus & Millichap recently released its 2018 Hospitality North American Investment Forecast. The report highlights emerging trends that are impacting hospitality investments, regional metrics from the United States and Canada, and construction and occupancy predictions for each area. According to ...

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Two-Property Hotel Portfolio Sold in Grapevine, Texas

Two-Property Hotel Portfolio Sold in Grapevine, Texas

GRAPEVINE, Texas–Marcus & Millichap, a commercial real estate investment services firm, has announced the sale of a two-property, 190-room hotel portfolio in Grapevine, Texas, in the Dallas/Fort Worth area. The properties are a 94-room Hampton Inn & Suites and a ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

Gul Goknar will oversee the general management and operations teams for Denihan Hospitality as regional vice president of operations. Goknar’s 25 years of hospitality experience took place primarily in New York, where she served as general manager of The Benjamin ...

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Six Qualities to Look for in a Hotel Broker

Six Qualities to Look for in a Hotel Broker

Peter Nichols is vice president and national director of the Hospitality Group at Marcus & Millichap, a real estate brokerage firm. Nichols says that when looking for qualities in a hotel broker, start with an excellent knowledge of the market, and consider these six other “musts.” 1. An exceptional ...

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