Martens Companies 

TMC Adds New Director of HR

The Martens Companies is excited to announce the hiring of Vanessa Bazil as the companies’ new Director of Human Resources. Bazil joined the company in late December after more than seven years working at the Hyatt Regency Wichita. Her years of experience and unique hospitality expertise made her a great fit for TMC, which provides a wide range of commercial real estate services including brokerage, appraisal and hospitality. In addition to her current position, Bazil is an Adjunct Teacher at Butler Community College for the Hospitality Management program. “We are…

Read More
Martens Companies 

Huffman to present at International Symposium

Chris Huffman, P.E, a partner in Huffman Corridor Consulting and an appraiser with Martens Appraisal, has been invited to participate in a workshop and to present a paper on the interaction of property development and transportation networks at the 6th International Symposium on Highway Geometric Design next summer in Amsterdam. This will be the fifth international symposium to which Huffman has contributed. The paper, titled “The Demand Side of the Equation: Understanding the Resistance to Access Management Application in the Real World”, is an examination of why quality traffic engineering…

Read More
Martens Companies NAI Martens 

Q2 2019 Transactions Report

We are proud to present our second quarter transactions report. We took part in more than 35 transactions during Q2. Thank you to our clients for choosing to trust us with you commercial real estate needs! Q2-2019 Transactions Report Having trouble viewing this report? Click here ABOUT NAI MARTENS NAI Martens is the largest full-service commercial real estate firm in Kansas. Founded in 1948 and headquartered in Wichita, NAI Martens provides a vast array of commercial real estate services throughout south-central Kansas and Topeka. NAI Martens is led by CEO…

Read More
Martens Companies 

Looking for a getaway? How about right here in Wichita?

“Wichita has had its distinctive city flag since 1937, but until recently, nobody really thought much about it. Then, everything changed. All of a sudden, the flag — featuring red and white rays flowing from a blue sun bearing a Native American symbol meaning “home”— was everywhere. 435 Mag spent a weekend in Wichita and walked away impressed (We are not surprised!). Here are the things they liked and maybe you can find something new to do this weekend!

Read More
Martens Companies 

How climate change could affect the hotel industry

Data supports the increasing frequency and very real impact of extreme weather events on the hotel industry, so what are hoteliers to do to ensure that their properties survive? Hospitality Management is pleased to share this article from Hotel News Now. By  Jan Freitag@ HENDERSONVILLE, Tennessee—Climate change is real, and will be real for decades to come. While efforts to increase sustainability measures are laudable—and countries and companies have made real efforts to decrease their carbon footprints—at this point, it’s all a bit too little and likely a bit too…

Read More
Martens Companies 

STR: US hotel results for week ending 30 March

The U.S. hotel industry reported occupancy increased 4.2% to 69.5% during the week of 24-30 March while ADR rose 0.9% to $131.77 and RevPAR increased 5.1% to $91.53. HENDERSONVILLE, Tennessee—The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 24-30 March 2019, according to data from STR. In comparison with the week of 25-31 March 2018, the industry recorded the following: Occupancy: +4.2% to 69.5% Average daily rate (ADR): +0.9% to US$131.77 Revenue per available room (RevPAR): +5.1% to US$91.53 STR analysts note…

Read More
Wichita State University Innovation Campus NAI Martens 

Beyond the Bookstore: A Look at the Rise of Campus Retail

Retailers see an opportunity for expansion at university campuses. The National Real Estate Investor recently took a look at campus retail and how it is changing. For decades, universities were known for their dearth of retail beyond a college bookstore. But now, retailers both large and small are seizing the opportunity to expand their operations beyond traditional shopping centers and onto university campuses where they can capture the attention of a niche audience: students. Students’ demand for college essentials in a convenient location while away at school has led retailers…

Read More
Martens Companies 

STR: US hotel results for week ending 23 March

During the week of 17-23 March, U.S. hotel occupancy rose just 0.2% to 69.6%, ADR rose 0.2% to $133.65 and RevPAR increased 0.4% to $93.02. The U.S. hotel industry reported nearly flat year-over-year results in the three key performance metrics during the week of 17-23 March 2019, according to data from STR. In comparison with the week of 18-24 March 2018, the industry recorded the following: • Occupancy: +0.2% to 69.6%• Average daily rate (ADR): +0.2% to US$133.65• Revenue per available room (RevPAR): +0.4% to US$93.02 Among the Top 25 Markets,…

Read More
Martens Companies 

What proposed overtime threshold means for US hoteliers

The hotel industry has waited for the U.S. Department of Labor to announce a proposed increase to the overtime exemption threshold. Now that it has, here is what hoteliers need to know. REPORT FOR THE U.S.—The U.S. Department of Labor has proposed a new overtime exemption threshold that could go into effect by 2020, which means it’s time for hoteliers to review the employee analyses they performed the last time a new threshold was proposed. The proposed threshold of $679 a week ($35,308 annually) comes within the expected range following…

Read More
Martens Companies 

Key Takeaways from the CEDBR Misery Index Report

The Center for Economic Development and Business Research released its Misery Index 2018 Q4. The index measures the impact of economic conditions on people by combining changes in the Housing Price Index, the Consumer Price Index and the unemployment rate. Overall, the report finds that misery has decreased. Here are the big takeaways from the report. The level of misery for the U.S. and for Kansas decreased between the third and fourth quarter. The greatest contributor to this decrease is the lower unemployment rate. The level of misery for Wichita…

Read More