Posts by Atlas Hospitality
California hotel development remained stymied in 2024
The North Bay is not immune, but the region also is home to one growing segment of the industry unaffected by financing costs, according to Atlas Hospitality Group’s new report. CHERYL SARFATY | THE NORTH BAY BUSINESS JOURNAL | January 20, 2025, 7:32PM 90 local hotel projects on the drawing board Napa County (35 projects): 22…
Read MoreCalifornia hotel development remained stymied in 2024
The North Bay is not immune, but also is home to one growing segment of the industry unaffected by financing costs. CHERYL SARFATY | THE NORTH BAY BUSINESS JOURNAL January 20, 2025, 7:32PM | Updated 47 minutes ago 90 local hotel projects on the drawing board Napa County (35 projects): 22 in Napa; seven in St.…
Read MoreStudy: CA hotel development hits decade-low in 2024
Rising costs, high interest rates and reduced lending have reduced hotel construction and planning By Vishnu Rageev R – January 20, 2025 CALIFORNIA’S HOTEL DEVELOPMENT hit a decade-low in 2024, with just 35 new hotels and 3,798 rooms added, according to Atlas Hospitality Group. This marks a 34 percent drop in hotel openings and a nearly 40…
Read MoreCalifornia Hospitality Market Sees Decline in Openings but Prepares for Growth
January 14, 2025 The year 2024 was a transformative one for California’s hotel industry, defined by a mix of contraction and resilience, according to the latest California Hotel Development Survey by Atlas Hospitality Group. While the number of new hotel openings declined sharply, several regions demonstrated their long-term commitment to hospitality growth, with major projects…
Read MoreFewest Hotel Deliveries in California Since 2014
Openings dropped 34% in 2024, with only three new hotels in nine-county Bay Area. By Jack Rogers| January 17, 2025 at 07:08 AM Hotel development has plunged across California for 2024, with the lowest total of new hotels and rooms delivered to The Golden State since 2014. Only 35 new hotels were delivered last year, a…
Read MoreBay Area, California hotel production plummets in 2024
By Alex Barreira – Staff Reporter, San Francisco Business Times | Jan 15, 2025 New hotel development fell sharply across California in 2024, particularly in the Bay Area. A year-end survey released this week from lodging consultancy Atlas Hospitality counted just four new hotels across the nine-county Bay Area opening in 2024, down from 12 new hotels…
Read MoreHotel development stalls across the Bay Area and all of California
Development pipeline dries up as 75% fewer properties opened last year in region Jan 15, 2025, 6:41 PM By TRD Staff Development of hotels across the Bay Area and California appears stuck between floors. Last year, builders of hotels across the nine-county region opened just three hotels, a plunge of 75 percent from the 12…
Read MoreCalifornia hotel openings hit lowest point in years
Atlas Hospitality survey reports 35 new hotels in 2024 By Bryan Wroten | Hotel News Now | January 15, 2025 | 6:23 AM California hotel development reached its lowest point in about 10 years in 2024. Atlas Hospitality Group’s California Hotel Development Survey 2024 Year-End found 35 hotels opened last year, a 34% year-over-year drop in…
Read MoreCalifornia and Bay Area hotel development flops as market nosedives
Inflation and interest rates hobble hotel projects By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: January 15, 2025 at 4:18 AM PST SAN JOSE — Hotel development nosedived in California and the Bay Area in 2024, fresh evidence the statewide lodging market may still be affected by economic conditions following a global pandemic, a new report shows. Atlas Hospitality…
Read MoreCupertino hotel near famed Apple office hub lurches into loan default
Hotel faces foreclosure due to delinquent loan By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: January 8, 2025 at 10:42 AM PST CUPERTINO — A South Bay hotel with a trendy design and a prime location near a famed Apple office hub has lurched into a loan default, a grim reminder of the weakness in the Bay…
Read MoreOrange County hotel deal ranks among California’s largest of 2024 as buying climate improves
Utah investment firm acquires two Anaheim properties for more than $200 million By Lou Hirsh | CoStar News | December 24, 2024 | 12:14 P.M. An investor has snapped up two Anaheim hotels in California’s largest hospitality sales deal of 2024, the latest sign of a potential nationwide rebound in such transactions in the coming year.…
Read MoreSheraton San Diego Hotel & Marina Finishes $100M+ Reno REAL ESTATE: Upgraded Rooms, Pool Area, Meeting Space, Lobby, New Restaurants By Donald Bloodworth – December 19, 2024 SAN DIEGO – More than $100 million went into updating the Sheraton San Diego Hotel & Marina in a newly finished renovation billed as a transformation that “redefines…
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