{"id":1004095422,"date":"2014-04-25T13:11:30","date_gmt":"2014-04-25T21:11:30","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=256796"},"modified":"2020-05-21T00:26:15","modified_gmt":"2020-05-21T08:26:15","slug":"middletown-hotel-management-plans-118-key-springhill-suites-in-beavercreek","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/middletown-hotel-management-plans-118-key-springhill-suites-in-beavercreek\/","title":{"rendered":"Middletown Hotel Management Plans 118-Key Springhill Suites in Beavercreek"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/SHS-Rendering1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-256797\" title=\"SHS-Rendering1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/SHS-Rendering1.jpg\" alt=\"\" width=\"300\" height=\"150\" \/><\/a>Middletown Hotel Management plans to start construction this fall on a 118-key Springhill Suites by Marriott 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.<\/p>\n<p style=\"text-align: justify;\">The new Springhill Suites will be located next to The Mall at Fairfield Commons, close to many restaurants and offices. Amenities will include an indoor pool, a fitness center and meeting space.<\/p>\n<p style=\"text-align: justify;\">\u201cBeavercreek is an area that continues to grow and expand,\u201d Bob Ritter, Middletown&#8217;s vice president of operations, said in a statement. \u201cWe feel that the demand is out there for a new hotel.\u201d Sue Zickefoose of CBRE Group Inc.&#8217;s Dayton office represented the Beavercreek-based hotel developer and manager in the transaction.<\/p>\n<p style=\"text-align: justify;\">According <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/56u7i89.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-256798\" title=\"56u7i89\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/56u7i89.jpg\" alt=\"\" width=\"300\" height=\"267\" \/><\/a>to a first-quarter report from Marcus &amp; Millichap Real Estate Investment Services Inc., hotel occupancy and rates are on the rise in the Midwest, in which Marcus &amp;  Millichap includes Illinois, Indiana, Michigan and Wisconsin as well as Ohio. Growth in the region&#8217;s manufacturing sector will spur additional demand from business travelers in 2014. Meanwhile, leisure travel during the warm-weather months will boost room rates 1.5 percent for the region.<br \/>\nMarcus &amp; Millichap projects that occupancy will climb to 59.5% this year as the average room rate reaches $99.91.<\/p>\n<p style=\"text-align: justify;\">Middletown is looking to further expand a portfolio that includes five Ohio hotels: the Hilton Garden Inn in Beavercreek, Holiday Inn Express &amp; Suites in Dayton, Fairfield Inn &amp; Suites in Columbus, Hilton Garden Inn in Columbus and the Hampton Inn in Fairfield.<\/p>\n<p style=\"text-align: justify;\"><em>Rendering: <\/em><a href=\"https:\/\/www.cbre.com\" rel=\"nofollow\" ><em>CBRE Group Inc.<\/em><\/a><\/p>\n<address><em>Charts courtesy of <\/em><a href=\"https:\/\/www.marcusmillichap.com\" ><em>Marcus &amp; Millichap Real Estate Investment Services Inc.<\/em><\/a><em>.<\/em><\/address>\n","protected":false},"excerpt":{"rendered":"<p>By Adrian Maties, Associate Editor Middletown Hotel Management plans to start construction this fall on a 118-key Springhill Suites by Marriott 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. The new Springhill Suites [&#8230;]<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[1815],"class_list":["post-1004095422","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Middletown Hotel Management Plans 118-Key Springhill Suites in Beavercreek - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/middletown-hotel-management-plans-118-key-springhill-suites-in-beavercreek\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Middletown Hotel Management Plans 118-Key Springhill Suites in Beavercreek\" \/>\n<meta property=\"og:description\" content=\"By Adrian Maties, Associate Editor Middletown Hotel Management plans to start construction this fall on a 118-key Springhill Suites by Marriott 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. 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