Posts by WAW
Does Southern California Need 571 More Hotels?
The Orange County Register 08/13/19 Does Southern California Need 571 More Hotels? By Jonathan Lansner Does Southern California need 571 more hotels? Southern California has seen 571 hotels either open this year, under construction or planned. Atlas Hospitality’s mid-year report on local lodging development activity tells us there’s little cooling in hotel construction in Los…
Read MoreMore Than 1,000 Hotel Rooms Headed for North San Jose
The Mercury News 08/12/19 More Than 1,000 Hotel Rooms Headed for North San Jose By George Avalos More than 1,000 hotel rooms headed for north San Jose SAN JOSE — A burst of hotels that are under construction or poised to launch is expected to bring north San Jose roughly 1,100 new hotel rooms, according…
Read MoreKorean Firm Buys Site for Big Hotel in New North San Jose Entertainment District
The Mercury News 08/07/19 Korean Firm Buys Site for Big Hotel in New North San Jose Entertainment District By George Avalos Korean firm buys site for big hotel in new north San Jose entertainment district SAN JOSE — A South Korean hotel operator has taken a significant step in its push to open a big…
Read MoreHyatt Regency La Jolla Garners $147M in Sale to Hong Kong Fund
The Daily Transcript 07/31/19 Hyatt Regency La Jolla Garners $147M in Sale to Hong Kong Fund The 14-story Hyatt Regency La Jolla hotel and the adjoining Sporting Club property have been sold for $147 million to GAW Capital Partners from Hong Kong. By Thor Kamban Biberman In what is being billed as the year’s most…
Read MoreHotel Industry on Pace for Record Year
The Daily Transcript 07/23/19 Hotel Industry on Pace for Record Year By Thor Kamban Biberman New hotel construction in California continued at a record pace during the first half of the year, according to an Atlas Hospitality Group report. San Diego County added five hotels with a combined 860 rooms during the year’s first…
Read MoreSince January, Five New (San Diego) Hotels Have Opened
San Diego Business Journal 07/31/19 Since January, Five New (San Diego) Hotels Have Opened By Ray Huard https://www.sdbj.com/news/2019/jul/30/january-five-new-hotels-have-opened/ More hotels were built in California in the first six months of 2019 than ever before. San Diego County led the record-breaking pace, according to a report by Atlas Hospitality Group. The county also had the biggest…
Read MoreCalifornia’s Top Hotel Sale Hints at Peak Demand
CoStar 07/30/19 California’s Top Hotel Sale Hints at Peak Demand Amid Record Tourism in Most-Visited State By Lou Hirsh https://product.costar.com/home/news/shared/1711362280 Hong Kong-based GAW Capital Partners bought the 417-room Hyatt Regency La Jolla hotel and adjacent retail space in San Diego for $147 million in California’s priciest hotel transaction this year, a sign the state’s growing…
Read MoreHere’s Why So Many New Hotels Are Under Construction in Sacramento
Sacramento Business Journal 07/25/19 Here’s Why So Many New Hotels Are Under Construction in Sacramento By Emily Hamann https://www.bizjournals.com/sacramento/news/2019/07/25/heres-why-so-many-new-hotels-areunder-construction.html Sacramento is in the middle of a hotel building boom, according to data released last week by Irvine-based brokerage Atlas Hospitality Group. The group tracks new hotel construction and the sale of hotels. According to its…
Read More5 Things to Know About Hotel Development in California
HotelNewsNow 07/29/19 5 Things to Know About Hotel Development in California By Danielle Hess http://www.hotelnewsnow.com/Articles/297358/5-things-to-know-about-hotel-development-in-California IRVINE, California—Construction costs may be high, but that’s not stopping developers from building new hotels in the Golden State. Atlas Hospitality Group’s 2019 Mid-Year California Hotel Development Survey shows 36 hotels opened in the first six months of the year,…
Read MoreCalifornia Seeing an Influx of Hotel Developments Midway Through the Year
Bisnow 07/23/19 California Seeing an Influx of Hotel Developments Midway Through the Year By Joseph Pimentel https://www.bisnow.com/los-angeles/news/hotel/report-california-sets-new-records-for-hotels-and-rooms-under-construction-99995 California is on a record-breaking pace for hotel openings and construction this year with Los Angeles leading the way, according to a report by Atlas Hospitality Group. Atlas Hospitality’s midyear California Hotel Development Survey found that 36 hotels…
Read MoreKeyed Up: LA’s Hotel Development Outpacing the Rest of California
The Real Deal 07/22/19 Keyed Up: LA’s Hotel Development Outpacing the Rest of California By Gregory Cornfield https://therealdeal.com/la/2019/07/22/keyed-up-las-hotel-development-outpacing-the-rest-of-california/ Despite earlier signs this year of a slowdown relative to historical data, the hotel industry is still booming, and Los Angeles is still dominating the state in construction. A report from Atlas Hospitality Group shows 36 new…
Read MoreAtlas Survey Shows Los Angeles Leads California Hotel Construction
HotelNewsNow 07/19/19 5 Things to Know: Atlas Survey Shows Los Angeles Leads California Hotel Construction http://www.hotelnewsnow.com/Articles/297251/5-things-to-know-19-July-2019 Atlas survey shows Los Angles leads California hotel construction: Through the first half of 2019, California new hotel construction continued at a “record-breaking pace,” compared to the same period in 2018, according to Atlas Hospitality Group’s 2019 mid-year California…
Read More