Posts by Wilson Wang
Billionaire Mulls $650M Montage Laguna Beach Purchase: Report
The Montage Laguna Beach luxury resort may be getting a new owner in the near future. Patch.com – Posted Fri, Nov 4, 2022 at 10:39 am PT LAGUNA BEACH, CA — Montage Laguna Beach may come under new ownership in the future, after the Wall Street Journal reported a possible sale of the luxury resort this…
Read MoreYay, downtown Sacramento gets a Kimpton Hotel. What’s a Kimpton?
It’s big news in the hotel industry that downtown Sacramento is getting a boutique property with the Kimpton Hotels brand. But outside of the hotel industry, few folks know the name. There are no hotels called Kimpton. The San Francisco-based chain operates its boutique hotels under mostly unique local names. In San Francisco, those include…
Read MoreSLS Beverly Hills Hotel Sold for $195 Million to Sunrider International
The luxury SLS Beverly Hills hotel created by hotel and nightclub mogul Sam Nazarian has been sold for $195 million to Torrance multilevel marketing and hotel firm Sunrider International. Nazarian’s company SBE opened the 297-room hotel in 2008, just as the hospitality industry was going into a recession-related skid. The hotel business has since recovered…
Read MoreAce Hotel in downtown Los Angeles sold for $103 million
The trendy Ace Hotel that opened last year in a refurbished historic building in downtown Los Angeles has been purchased by a Maryland real estate investment trust for $103 million. The 182-room hotel near the intersection of Broadway and Olympic Boulevard will continue to be operated by Ace Hotel Group, buyer Chesapeake Lodging Trust said.…
Read MoreThe Declan To Be Transformed Into Marriott Timeshare
Fresh from a multimillion-dollar renovation, Downtown San Diego’s all-suites luxury hotel has a new owner, and a new format to boot: Vacation ownership under a Marriott Vacations Worldwide flag. Marriott Vacations Worldwide has paid $52.65M, or some $199,400/room, for the hotel from NYC private equity fund Westbrook Partners, according to Irvine-based Atlas Hospitality. Marriott’s Ed Kinney…
Read MoreDisney purchases Carousel Inn across the street from Disneyland for $32 million
ANAHEIM – The Walt Disney Co. has purchased a hotel that sits directly across Harbor Boulevard from its two theme parks for $32 million, according to public records. Disney, through a limited-liability corporation, Carousel Holdings EAT, purchased the 131-room Carousel Inn & Suites on 1530 S. Harbor Blvd. from Good Hope International. Messages to Good…
Read MoreHyatt La Jolla will be sold for $118M
A year after taking over full ownership of the Hotel del Coronado, Strategic Hotels and Resorts has decided to unload its interest in the Hyatt Regency La Jolla in a deal valued at $118 million. The Chicago-based real estate investment firm, along with its joint venture partner, which is affiliated with the government of Singapore…
Read MoreHyatt Regency La Jolla Selling for $118 Million
Strategic Hotels & Resorts and its joint partner are selling the 419-room Hyatt Regency La Jolla for a reported $118 million Source: http://www.sddt.com/RealEstate/article.cfm?SourceCode=20150428czh&_t=Hyatt+Regency+La+Jolla+selling+for+118+million#Article
Read MoreThis is a post for testing only on atlas hospitality
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Read MoreDoubletree hotel in Mission Valley is sold
The 219-room Doubletree hotel in Mission Valley has sold for more than $49 million, marking the second hotel deal in a week. Built in 1970, the Doubletree San Diego-Hotel Circle was sold to Oak Coast Properties, a four-year-old investment firm that invests in retail, residential and hotel properties. Also selling in the last week was…
Read MoreGrowth of online rentals a hot topic at Carmel Valley hoteliers’ gathering
The forecast for San Diego’s tourism industry in 2015 is bright with a few clouds. The sunny outlook for the year was presented March 20 at Carmel Valley’s R.A. Rauch and Associates’ annual lodging industry event, “An Extraordinary Year Ahead,” at the Hilton Garden Inn in Torrey Hills. The event featured a discussion moderated by…
Read More3 Reasons Why Your Guests Want to Return
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