Posts by WAW

Napa Valley Register 01/15/19 NapaStat | 23: That’s the Number of Hotels Opened in NorCal in 2018 By Jennifer Huffman https://napavalleyregister.com/business/napastat-that-s-the-number-of-hotels-opened-in-norcal/article_2ec404be-d684-5e3c-954e-586d53408a19.htm   23: The number of hotels opened in Northern California in 2018. Two are in Napa County: the Francis House in Calistoga and the Vista Collina Resort in south Napa. Source: Atlas Hospitality Group

The Orange County Register 01/14/19 Does Southern California Need 513 More Hotels By Jonathan Lansner https://www.ocregister.com/2019/01/14/does-southern-california-need-513-more-hotels/ Southern California’s lodging business continues to grow with 513 more hotels in the works after 57 others opened over the past two years. The annual hotel construction report from Atlas Hospitality shows 22 hotels opened in 2018 in the…

San Francisco Chronicle 01/14/19 Hurdles Remain as Historic Hearst Building in SF Seeks Hotel Conversion By Roland Li https://www.sfchronicle.com/business/article/Hurdles-remain-as-historic-Hearst-Building-in-SF-13529589.php   A years-long effort to convert the historic Hearst Building into a hotel in downtown San Francisco faces opposition from neighbors and design challenges related to existing long-term leases. The 1909 building at 5 Third St.…

The San Diego Union-Tribune 01/09/19 Largest Hotel to Open in California Last Year Was in San Diego By Lori Weisberg https://www.sandiegouniontribune.com/business/tourism/sd-fi-hotel-development-california-20190109-story.html   Even as hotel development in Southern California reached a new high last year, with more than 16,000 rooms under construction, the outlook for the future is not nearly as bullish as in years…

San Francisco Business Times 01/10/19 Bay Area Hotel Development to Surge in 2019 By Alex Barreira https://www.bizjournals.com/sanfrancisco/news/2019/01/10/bay-area-hotel-development-to-surge-in-2019.html   While 14 hotels opened in the Bay Area last year, the same as in 2017, even more may open this year — the region has 47 hotels under construction. But prospects for future Bay Area hotel development…

Orange County Business Journals 01/09/19 Hotel Openings Down; Construction Up By Katie Murar https://www.ocbj.com/news/2019/jan/09/hotel-openings-down-construction/ Three hotels totaling 445 rooms opened in Orange County in 2018, down 54% from the 960 rooms at six hotels that opened in 2017, data from Irvine-based hotel broker-consultant Atlas Hospitality Group show. The largest was a 164-room Hampton Inn &…

The Real Deal 12/26/18 Here Are LA County’s Top Five Hotel Investment Sales of 2018 Franchise-branded hotels dominated the top sales, and 3 were near booming tech hubs By Dennis Lynch https://therealdeal.com/la/2018/12/26/here-are-la-countys-top-five-hotel-investment-sales-of-2018 Westside hotels were all the rage this year. Three of the top five hotel sales of the year were for properties in what…

The Registry 12/20/18 New Hotel Slated for Downtown San Jose Amidst Bay Area Hotel Boom By Meghan Hall New Hotel Slated for Downtown San José Amidst Bay Area Hotel Boom The San Francisco Bay Area is known as a top destination for both work and play, and 2018 has been a record-breaking year for hotel…

Redland Daily Facts 12/18/18 Redlands Approves a New 88-room Hotel By Jennifer Iyer Redlands approves a new 88-room hotel The Redlands Planning Commission approved another hotel project this year, giving the go-ahead to an 88-room Springhill Suites by Marriott. Other hotels approved by the commission in 2018 are the 77-room Home2 Suites by Hilton, planned…

HotelNewsNow 12/07/18 Buying & Selling Hotels First understanding the fundamentals is the key to successfully buying or selling any hotel, though those fundamentals are different in every deal. By the HNN editorial staff http://www.hotelnewsnow.com/Articles/291795/Buying-and-Selling-Hotels Know the property “We analyze the hotel’s historical financials and compare their current performance with the market to see if there…

The San Diego Union-Tribune 11/28/18 Carlsbad’s Park Hyatt Aviara Sells for $170 Million More Than a Year After Being Taken Over by Its Lender By Lori Weisberg https://www.sandiegouniontribune.com/business/tourism/sd-fi-hyatt-aviara-sold-20181128-story.html   The upscale Park Hyatt Aviara resort, which was taken over by its lender more than a year ago following missed payments, is now under new ownership……

HotelNewsNow 11/28/18 Despite Risk of Wildfires, Owners Keen on California Along with all of the destruction the wildfires in California have caused, they threaten and disrupt nearby hotels. But despite the risks, some hotel owners continue to see the state as a strong, long-term investment. By Bryan Wroten http://www.hotelnewsnow.com/Articles/291636/Despite-risk-of-wildfires-owners-keen-on-California   REPORT FROM THE U.S.—With three…