Posts by WAW

Orange County Business Journal 07/18/19 Hotel Development Up 89% By Katie Murar https://www.ocbj.com/news/2019/jul/18/hotel-development-89/ Current hotel development in Orange County is nearly double what it was last year, according to a report by Atlas Hospitality Group in Irvine. There were 17 hotels under construction in Orange County last month, up from 9 in the same period…

CoStar 07/03/19 Los Angeles Commercial Real Estate Industry Gives Mixed Reaction to New Airbnb Regulations New Ordinance in Limits Days of Operation, Requires Annual Fee By Karen Jordan The city of Los Angeles is enacting new regulations on short-term rentals, made popular by companies such as Airbnb, that apartment owners are rebuking but hoteliers are…

Los Angeles Times 06/12/19 Is LAX’s Theme Building Coming Back to Life as Part of an On-airport Hotel By Christopher Reynolds https://www.latimes.com/travel/la-tr-travel-lax-theme-building-hotel-idea-future-20190612-story.html In New York, JFK airport has found someone to transform its curvaceous but long-dead TWA terminal into a hotel. In downtown Los Angeles, Union Station has at last found a brewpub to fill…

The Orange County Register 05/29/19 Lake Forest Getting 3 New Hotels By Jonanthan Lansner Lake Forest getting 3 new hotels Lake Forest is getting three new hotels near the Lake Forest Boulevard exits to the 5 freeway. The building surge will add 422 rooms to the city that already has 10 hotels. According to the…

Los Angeles Business Journal 05/07/19 Tourist-Driven Revenue in LA County Increased 4.9% to $36.6B By Rachel Uranga https://labusinessjournal.com/news/2019/may/07/tourist-driven-revenue-la-county-increased-49-366b/ An economic impact report released by the Los Angeles Tourism & Convention Board on May 7 found that the 50 million tourists who visited the L.A. region spent $23.9 billion, helping to generated $36.6 billion in total…

CoStar 05/06/19 At Age 131, Hotel del Coronado Gets 21st Century Upgrades Iconic San Diego Property in Midst of $200 Million Renovation By Lou Hirsh https://product.costar.com/home/news/shared/580709569 Upcoming renovations at Hotel del Coronado, which opened in 1888, include 142 additional guest rooms, a new conference center, an overhauled main entrance and new on-site dining and social…

Hotel Management 03/29/19 CLIC Attracts Record Number of Attendees By Chuck Dobrosielski https://www.hotelmanagement.net/asset-management/record-number-attendees-attend-clic Held March 7, the third annual California Lodging Investment Conference brought in a record number of attendees. More than 300 people registered for the California-focused hospitality event, hosted this year by The Westin South Coast Plaza in Costa Mesa. The conference centered…

East Bay Times 04/01/19 New Downtown San Jose AC Hotel Near Google Transit Village Is Bought AC Hotel Marriott in downtown San Jose is bought by veteran East Coast real estate firm By George Avalos New downtown San Jose hotel near Google transit village is bought SAN JOSE — Downtown San Jose’s newest hotel has…

Napa Valley Register 02/23/19 Napa Hotel Room Revenue Tops $426.8 Million in 2018 – a Record By Jennifer Huffman https://napavalleyregister.com/news/local/napa-hotel-room-revenue-tops-million-in—a/article_6a2b2b5e-284d-5537-ac64-dd5f0fa22cb9.html If you build it they will come… and spend money. Overnight visitors to Napa County spent more than $426 million in Napa hotel rooms in 2018, a 7.6 percent increase from the year before and…

The San Diego Union Tribune 02/15/19 Hotel del Coronado Starts $200M Upgrade, Its Biggest Ever. Does It Need It? By Lori Weisberg https://www.sandiegouniontribune.com/business/tourism/sd-fi-hoteldelcoronado-makeover-expansion-20190215-story.html For decades, the stately Hotel del Coronado, with its imposing red-roofed turret, chandelier-bedecked Victorian lobby and its storied ties to Hollywood nobility, has been instantly recognizable well beyond San Diego County… “This…

The San Diego Union-Tribune 02/05/19 Hotel Sales Might Be Down, but This Carlsbad Sale Just Broke a Record for Southern California By Lori Weisberg https://www.sandiegouniontribune.com/business/tourism/sd-fi-sandiego-largest-hotel-sale-20190205-story.html California hotel sales declined sharply last year, but San Diego still earned bragging rights as having the most expensive sale in Southern California. The $170 million sale last November of…

Bisnow 02/03/19 The Hotel Industry Has Mixed Feelings About Opportunity Zones By Joseph Pimentel https://www.bisnow.com/los-angeles/news/hotel/alis-conference-the-hotel-industry-has-mixed-feelings-about-opportunity-zones-97297 When it comes to the new opportunity zone program that gives investors a hefty tax incentive in return for investing in designated opportunity zones that are in mostly low-income areas, many hotel executives are still leery of the federal program…