Posts by Atlas Hospitality
LA County hotel development balks at inflation, interest rates
Despite statewide hospitality doldrums, LA has 23 hotels with 2,833 rooms under construction: Atlas Mar 5, 2025, 7:00 PM By TRD Staff While hotel development across the state has stalled, Los Angeles leads in new hotel openings and lodging under construction ahead of the 2026 FIFA World Cup and 2028 Olympics. Los Angeles County had…
Read MoreHospitality: Development Stalls
As inflation drives up construction costs, the development of new hotels in Los Angeles County has stalled. By Gina Hall | March 3, 2025 Hotel development in California slowed in 2024 and is likely to stay sluggish in 2025 as investors remain concerned about rising interest rates and the high cost of construction. A new survey…
Read MoreHospitality: Hotel Sales Fall
Hotel transactions fell 58% last year, and that trend is expected to continue. By Gina Hall | March 3, 2025 Los Angeles County hotel sales plummeted in total dollar volume in 2024 compared to the previous year driven by higher financing costs and increased operational expenses. The total dollar volume of Los Angeles hotel sales…
Read MoreBay Area hotel defaults on loan after $40M basketball facility renovation
Oakland Marriott City Center, the city’s largest downtown hotel, is defaulting on its loan. By Olivia Harden, Travel Reporter Feb 22, 2025 In another blow to Oakland’s tourism industry, the largest hotel in the city’s downtown is defaulting on its loan. The owners of the Oakland Marriott City Center, a 500-room hotel on Broadway, defaulted on its $100 million loan from…
Read MoreExperts hope for a quick recovery for LA’s tourism economy
Michelle Lhooq | BloombergPublished 11:03 a.m. ET Feb. 17, 2025 On a rainy afternoon in early February, Hodari Sababu, the cowboy-hat-donning owner of LA Hood Life Tours, isn’t running his usual assortment of van excursions to hip-hop and Hollywood landmarks. “People are scared to come to LA right now,” he says, seated at a booth…
Read MoreGaw Capital Defaults on $100M Loan Tied to California Hotel
2025/02/16 by Christopher Caillavet Gaw acquired the Oakland Marriott City Center in 2017 (Image: Gaw Capital Partners) A vehicle managed by Hong Kong’s Gaw Capital Partners has defaulted on a $100 million loan linked to a 500-room California hotel, according to a local media account citing official records. Fund manager Gaw purchased the Oakland Marriott City Center in the…
Read MoreBig Oakland hotel flops into loan default as local lodging woes widen
Hotel highrise is an Oakland landmark By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: February 13, 2025 at 3:44 PM PST OAKLAND — A big highrise hotel in downtown Oakland has tumbled into default on a delinquent loan, fresh evidence of a feeble lodging market in the Bay Area. The Oakland Marriott City Center hotel next to…
Read MoreOakland Marriott City Center hotel defaults on $100 million loan
By Alex Barreira – Staff Reporter, San Francisco Business Times | Feb 12, 2025 Updated Feb 12, 2025 4:27pm PST Oakland’s largest hotel, the 500-room Oakland Marriott City Center, has defaulted on a $100 million loan according to public records. The hotel’s debt troubles arrive as the latest sign of serious distress and plunging values of Oakland hospitality…
Read MoreHyatt Regency Sonoma Wine Country sold to Brookfield Properties
By Alex Barreira – Staff Reporter, San Francisco Business Times Feb 11, 2025 Global developer and investor Brookfield Properties has acquired the 253-room Hyatt Regency Sonoma Wine Country hotel in Santa Rosa for $55 million. The seller, the United Overseas Bank Ltd., New York Agency, completed the deal Nov. 22 according to property records. It was the North Bay’s…
Read MoreCalifornia hotel sales decline in 2024, but not as much as a year earlier
The most expensive hotel transaction last year in the North Bay was the Hyatt Regency Santa Rosa, which sold for $55 million, according to Atlas Hospitality Group. CHERYL SARFATY | THE NORTH BAY BUSINESS JOURNAL | February 10, 2025, 11:59AM Hotel sales across California last year proved anything but robust, the result of persistent economic…
Read MoreSD’s hotel market looks a lot stronger than other parts of the state
By Thor Kamban Biberman | Tuesday, February 4, 2025 San Diego County’s hotel market is far from perfect, but it looked considerably better than some other areas of the state in 2024, according to Atlas Hospitality Group. Atlas Hospitality Group President Alan Reay, who has seen hotel values collapse in some places by as much…
Read MoreCoStar Insight
US hotel rooms in construction show no sign of acceleration Total pipeline shows additional activity, but financing remains the sticking point By Jan Freitag | CoStar Analytics | February 5, 2025 | 7:17 AM The higher interest rate environment continues to keep U.S. hotel development in check. In 2024, the quarterly average number of hotel rooms…
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