Posts by WAW

The Orange County Register 11/22/18 10 Economic Trends to Be Thankful for in Often-maligned California By Jonahan Lansner https://www.ocregister.com/2018/11/22/10-economic-trends-to-be-thankful-for-in-often-maligned-california/   It’s the season to be grateful for what we have. Southern California’s economy may not be perfect, and it’s certainly an expensive place to live, but the region continues to provide opportunities for those willing…

Los Angeles Business Journal 11/20/18 Inglewood Approves 120-Room Hotel Near New Stadium By Hannah Madans http://labusinessjournal.com/news/2018/nov/20/inglewood-approves-120-room-hotel-near-new-stadium/   Inglewood may soon be getting a new hotel. The mayor and city council have approved a 120-room Tru by Hilton hotel at the corner of 111th Street and Prairie Avenue, near the future NFL Stadium for the Los…

Multi-Housing News 10/23/18 Investors Boost Deal Flow in Los Angeles The strong fundamentals of the metro’s multifamily market are attracting many buyers, pushing the year’s sales volume to $2.9 billion through July. by Adriana Pop https://www.multihousingnews.com/post/investors-boost-deal-flow-in-los-angeles/ Investors are drawn to the Los Angeles multifamily market’s stability, high occupancy and rising rents, as job and population…

The Real Deal 10/19/18 The ‘Perceived Risk’ Factor While the Westside, with help from the tech sector, saw big hotel trades over the past year, some anticipate a slowdown in hospitality development By Caroline Anderson https://therealdeal.com/la/issues_articles/the-perceived-risk-factor/ The Los Angeles hotel building boom has been hot for so long that some observers are anticipating a cooldown.…

Silicon Valley Business Journal 10/18/18 Crane Watch Update: Proposals for More Than 4,000 Hotel Rooms Have Piled Up in San Jose’s Tight Market By Janice Bitters https://www.bizjournals.com/sanjose/news/2018/10/18/crane-watch-update-proposals-for-more-than-4-000.html In Silicon Valley, where business travelers come from all over the globe to work with the biggest tech companies in the world, hotel rooms have become a hot…

CoStar 10/17/18 Disney’s Scrapping of Luxury Hotel Disrupts Development in Anaheim, California Disneyland’s Hometown Seeks New Source of High-End Rooms By Lou Hirsh http://www.costar.com/News/Article/Disneys-Scrapping-of-Luxury-Hotel-Disrupts-Development-in-Anaheim-California/205485 The Walt Disney Co.’s recent decision to call off its plans for a luxury 700-room resort hotel next to Disneyland leaves Anaheim, California, behind other destination cities in high-end luxury hotels…

Orange County Business Journal 10/15/18 HOSPITALITY: $415M VALUE ESTIMATED FOR SHERATON Eagle Four Takes Flight to Denver in Big Hotel Buy By Mark Mueller Monday, October 15, 2018 http://www.ocbj.com/news/2018/oct/15/eagle-four-takes-flight-denver-big-hotel-buy/   Newport Beach-based hospitality investor Eagle Four Partners is the latest local name taking notice of Colorado’s red-hot hotel market. Eagle Four announced the purchase of…

The Signal Santa Clarita Valley 10/05/18 Stevenson Ranch La Quinta Inn and Suites Sold at $22 Million By Tammy Murga https://signalscv.com/2018/10/stevenson-ranch-la-quinta-inn-and-suites-sold-at-22-million/ La Quinta Inn and Suites in Stevenson Ranch has sold to a local private investor for more than $20 million, the dealer Atlas Hospitality Group said. Atlas Hospitality Executive Vice President Oliver Shah and…

Los Angeles Business Journal 09/26/18 DTLA Hotel Boom Continues http://labusinessjournal.com/news/2018/sep/21/downtown-distinction-millennial-move-ins/ Westside-based commercial real estate lender Dominion Mortgage Corp. has provided an $11.6 million construction loan to develop a 64-room hotel branded by Hyatt Hotels Corp. at 1525 N. Cahuenga Blvd. in Hollywood. The under-construction hotel, which is expected to be completed in November 2019, is…

The Registry 09/21/18 Northern California Hotel Market Continues to Favor Sellers By Meghan Hall https://news.theregistrysf.com/northern-california-hotel-market-continues-to-favor-sellers/   The San Francisco Bay Area remains one of the country’s top tourist destinations in the country, making its hotel market one of the healthiest in the nation. 2017 was one of the strongest years on record for hotel sales…

San Fernando Valley Business Journal 09/19/18 Stevenson Ranch La Quinta Inn’s $22 Million Sale Breaks Brand Record By Michael Aushenker http://www.sfvbj.com/news/2018/sep/19/stevenson-ranch-la-quinta-inns-22-million-sale-bre/   La Quinta Inn & Suites Santa Clarita – Valencia has sold to a local private investor for $22 million, according to Atlas Hospitality Group, which arranged the deal. Atlas Hospitality Group Executive Vice…

HotelBusiness 09/18/18 McNeill Hotel Investors Secures Capital; More Transactions… Atlas Hospitality Group has arranged the sale of the La Quinta Inn & Suites Santa Clarita – Valencia in Stevenson Ranch, CA. Atlas EVP Oliver L. Shah and VP Robert J. Feist represented the seller. The buyer was a local private investor.