Posts by WAW

Kamla Hotels Sells Anaheim Hotel for $13.7 Million Investor Buys 94 Room Hospitality Property in Orange County By Jason Kuyper https://product.costar.com/home/news/shared/1383771004 Tri-lin Holdings LLC acquired the 94-room Capri Suites Anaheim Convention Center hospitality building at 2141 S. Harbor Blvd. in Anaheim, California, for $13.65 million, or about $145,000 per door, from Kamla Hotels. The four-story,…

The San Diego Union-Tribune 02/24/20 Value of San Diego Hotels Sold in 2019 Surges More Than 80 Percent Hyatt Regency hotels on Mission Bay and at the Aventine were the priciest sales last year By Lori Weisberg https://www.sandiegouniontribune.com/business/tourism/story/2020-02-24/value-of-san-diego-hotels-sold-in-2019-surges-more-than-80-percent San Diego’s hotel real estate market, defying predictions of a slowdown a year ago, remains strong following…

Bisnow 02/20/20 Buyers Continue to Show Strong Interest in California Hotel Investments By Joseph Pimental https://www.bisnow.com/orange-county/news/hotel/buyers-continue-to-show-strong-interest-in-california-hotel-investments-103071 Nearly 300 hotels worth more than a combined $6B traded in the Golden State last year, a 6% increase in transactions and a 7.4% jump in total dollar volume from the previous year, according to a new report. Atlas…

Orange County Business Journal 02/19/20 Hotel Sales Up By Katie Murar https://www.ocbj.com/news/2020/feb/19/hotel-sales/ Eighteen hotels sold in Orange County last year, with the $477 million deal for the 400-room Monarch Beach Resort leading transactions in the county and state, a report by Atlas Hospitality Group said. On a per-room basis, it was the second highest sale…

Los Angeles Business Journal 02/07/20 Ready Rooms: The Top Hotel Openings of 2019 Hotel openings, construction continue to climb in LA County By Hannah Madans https://labusinessjournal.com/news/2020/feb/07/top-hotel-openings-la-county-2019/   The top hotel openings in L.A. County in 2019 included the Santa Monica Proper Hotel. Last year was a big one for both hotel openings and hotel construction…

Los Angeles Business Journal 02/07/20 Arbor Buys Hotel Portfolio By Hannah Madans https://labusinessjournal.com/news/2020/feb/07/arbor-buys-hotel-portfolio Arbor Lodging Partners and GFH Financial Group have acquired a 12-hotel portfolio, including multiple Los Angeles properties. Financial terms of the transaction were not disclosed. The joint venture’s acquisition included the Hilton Garden Inn and the SpringHill Suites in Arcadia. Both properties…

Bisnow 01/31/20 Motels Could Be the Right Fit for Opportunity Zones By Joseph Pimentel https://www.bisnow.com/los-angeles/news/hotel/motels-could-be-the-right-fit-for-opportunity-zones-102763 Budget and value hotels are poised to see a boost in investments via the opportunity zones program, experts told Bisnow last week. G6 Hospitality Vice President of Franchise Development Jeff Stephenson said that in the past year, he has already…

The Mercury News 01/28/20 Atari Plans to Launch Hotels That Will Use Its Brand Name Video game icon Atari eyes hotels in San Jose, San Francisco By George Avalos SAN JOSE — Atari is planning a series of hotels that will sport the name of the videogame icon, with hotel sites slated to include San…

Orange County Business Journal 01/27/20 Anaheim’s Sheraton Park Sells for $51M HOSPITALITY: LATEST CHANGE TO CONVENTION AREA By Katie Murar https://www.ocbj.com/news/2020/jan/27/anaheims-sheraton-park-sells-51m   One of Orange County’s largest hotels, located on the Anaheim Convention Center campus, is set for a facelift after a recent sale. The deal and upcoming work to the property, along with other…

HotelNewsNow 01/24/20 After Record 2019, California Hotel Openings Could Slow The latest California hotel development survey showed a record-number of openings, but increasing construction costs, a complicated entitlement process and supply concerns cast some doubt on more record-setting years in the near future. By Bryan Wroten http://www.hotelnewsnow.com/Articles/299975/After-record-2019-California-hotel-openings-could-slow REPORT FROM THE U.S.—With a record 11,795 hotel…

The Real Deal 01/22/20 Around LAX, Office-to-Hotel Conversions Are Catching On By Tina Daunt https://therealdeal.com/la/2020/01/22/around-lax-office-to-hotel-conversions-are-catching-on/ A developer wants to convert a Westchester office building into a 356-key hotel, hoping to get in on the fast-developing area around Los Angeles International Airport. Miracle Mile Holdings LLC has filed an application with city planning to repurpose the…

Bisnow 01/21/20 Disneyland’s Galaxy’s Edge Is Completed. Hotels Are Hoping This Time, The Crowds Will Come. By Joseph Pimentel https://www.bisnow.com/orange-county/news/hotel/with-disneylands-galaxys-edge-officially-completed-will-the-crowds-come-two-hotels-are-banking-on-it-102561 Seven months after Disneyland opened a Star Wars-themed territory, its sister area Galaxy’s Edge is now finally complete. As part of that effort, The Walt Disney Co. on Friday unveiled its much-hyped Rise of the…