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Middletown Hotel Management plans to start construction this fall on a 118-key Springhill Suites by Marriott rogue river oregon vacation rentals on two recently acquired parcels in Beavercreek. Completion is expected by the end of 2015. Middletown did not disclose terms of the land acquisition or the cost of the project.
“Beavercreek is an area that continues to grow and expand,” Bob Ritter, Middletown rogue river oregon vacation rentals s vice president of operations, said in a statement. “We feel that the demand is out there for a new hotel.” Sue Zickefoose of CBRE Group Inc. s Dayton office represented the Beavercreek-based hotel developer and manager in the transaction.
According to a first-quarter report from Marcus Millichap Real Estate Investment Services Inc., hotel occupancy and rates are on the rise in the Midwest, in which Marcus  Millichap includes Illinois, Indiana, Michigan and Wisconsin as well as Ohio. Growth in the region s manufacturing sector will spur additional demand rogue river oregon vacation rentals from business travelers in 2014. Meanwhile, leisure travel during the warm-weather rogue river oregon vacation rentals months will boost room rates 1.5 percent for the region.
rogue river oregon vacation rentals Middletown is looking rogue river oregon vacation rentals to further expand a portfolio rogue river oregon vacation rentals that includes five Ohio hotels: the Hilton Garden Inn in Beavercreek, Holiday Inn Express Suites in Dayton, Fairfield Inn Suites in Columbus, Hilton Garden Inn in Columbus rogue river oregon vacation rentals and the Hampton Inn in Fairfield.
Tags: Acquisitions/Dispositions , Brokers , CBRE , Cincinnati Lead Story , Commercial , Commercial Real Estate , construction , Developers , Development , hospitality , Hotel , Local , Marcus Millichap , Middletown rogue river oregon vacation rentals Hotel Management rogue river oregon vacation rentals , National , Regional
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