Posts by WAW
New $45 Million Investment for a Planned Stanly Ranch Resort in South Napa
Napa Valley Register 08/20/18 New $45 Million Investment for a Planned Stanly Ranch Resort in South Napa By Jennifer Huffman https://napavalleyregister.com/news/local/new-million-investment-for-a-planned-stanly-ranch-resort-in/article_efa3c49b-f4f8-58e7-9ec6-e8eb42d0d1dd.html The stalled 150-room Stanly Ranch resort project has a new investor that recently contributed $45 million to the long-promised development, suggesting that construction is on the horizon. A deed recording a $45 million…
Read MoreDisney Had No Choice but to Pull Back Plans for Anaheim Luxury Hotel
The Orange County Register 08/17/18 Disney Had No Choice but to Pull Back Plans for Anaheim Luxury Hotel By Jonathan Lansner https://www.ocregister.com/2018/08/17/disney-had-no-choice-but-to-pull-back-plans-for-anaheim-luxury-hotel/ Disneyland’s luxury hotel in Anaheim wasn’t a financial no-brainer to start with. So a last-minute pullback of a controversial city tax break would, at a minimum, obviously force Walt Disney Co. to recalibrate…
Read MoreSan Diego, Orange Counties Join Statewide Drop in First-Half Hotel Deals
CoStar 08/13/18 San Diego, Orange Counties Join Statewide Drop in First-Half Hotel Deals Mid-Year Market Update: Both Regions Saw Property Sales Decline Despite Still-Strong Performance, Development By Lou Hirsh https://product.costar.com/home/news/shared/194298 On the heels of a record year of hotel sales, Southern California’s San Diego and Orange counties experienced sharp declines in the number and value…
Read MoreDisney Promised a Luxury Hotel and Anaheim Offered $267 Million in Tax Breaks — but a Growing Feud Has Plans on Hold
Los Angeles Times 08/16/18 Disney Promised a Luxury Hotel and Anaheim Offered $267 Million in Tax Breaks — but a Growing Feud Has Plans on Hold By Hugo Martin http://www.latimes.com/business/la-fi-disneyland-hotel-subsidy-20180815-story.html Walt Disney Co. has put a hold on plans to build a luxury hotel in Disneyland Resort’s shopping district, citing a feud with Anaheim…
Read MoreLA Construction Costs Rise Above National Average: Report
The Real Deal 08/13/18 LA Construction Costs Rise Above National Average: Report By Natalie Hoberman https://therealdeal.com/la/2018/08/13/la-construction-costs-rise-above-national-average-report Amid a climate of mammoth wildfires and tariff boosts to key construction materials, the cost to build in Los Angeles grew 5.07 percent in the last year, surpassing the growth in other metropolitan cities like Chicago and New York.…
Read MoreCalifornia’s Hotel Sales Dip Doesn’t Tell Whole Story
HotelNewsNow 08/14/18 California’s Hotel Sales Dip Doesn’t Tell Whole Story By Bryan Wroten http://www.hotelnewsnow.com/Articles/288876/Californias-hotel-sales-dip-doesnt-tell-whole-story IRVINE, California—The number of individual hotels sold in California during the first half of 2018 dropped by 35% year over year, according to Atlas Hospitality Group’s midyear California Hotel Sales Survey. During the first six months of 2018, there were…
Read MoreHotel Transaction Volume Plummets After Record 2017
The Daily Transcript 08/10/18 Hotel Transaction Volume Plummets After Record 2017 By Thor Biberman The 169-room La Quinta Inn & Suites at 641 Camino del Rio South in Mission Valley sold for $19.5 million at the beginning of 2018 The buyer was Kamla Hotels of Cerritos. Hotel transaction volume in San Diego County decreased by…
Read MoreHotel Construction on Pace to Set Record in 2018
The Daily Transcript 07/24/18 Hotel Construction on Pace to Set Record in 2018 By Thor Kamban Biberman Hotel construction in California continued at a very strong pace through the first half of 2018, compared to a year ago — a condition expected to continue as long as the economy holds up. “2017 was a record-breaking…
Read MoreHotel Sales Down 50% YTD
Orange County Business Journal 08/09/18 Hotel Sales Down 50% YTD By Paul Hughes https://www.ocbj.com/news/2018/aug/09/hotel-sales-down-50-ytd/ Eight hotels with 955 rooms sold in Orange County through the first six months of the year, compared to 16 hotels with 1,803 rooms, year-over-year, according to Atlas Hospitality Group in Irvine. The broker-consultant’s data show dollar volume of local…
Read More5 Things to Know: Atlas Survey Shows California Hotel Transactions Down
HotelNewsNow 08/09/18 5 Things to Know: Atlas Survey Shows California Hotel Transactions Down http://www.hotelnewsnow.com/Articles/288811/5-things-to-know-9-August-2018 Atlas survey shows California hotel transactions down: Through the first six months of 2018, California’s hotel market saw a 35% decline in the number of hotels sold, according to Atlas Hospitality Group’s mid-year California hotel sales survey. The survey reports there…
Read MoreHotel Industry Is Building on Its Solid Metrics
San Diego Business Journal 08/07/18 Hotel Industry Is Building on Its Solid Metrics By Mariel Concepcion https://www.sdbj.com/news/2018/aug/07/hotel-industry-building-its-solid-metrics/ San Diego — On paper, San Diego doesn’t look very good as far as the hotel industry is concerned. It only has two Fortune 500 companies (energy company Sempra Energy and chip-maker Qualcomm Inc.), which means not…
Read MoreDoes Riverside County Need 71 More Hotels?
The Press-Enterprise 08/01/18 Does Riverside County Need 71 More Hotels? By Jonathan Lansner https://www.pe.com/2018/08/01/does-riverside-county-need-71-more-hotels/ Riverside County got two new hotels so far this year with 71 more in the works. And Riverside County isn’t alone. Regionally, 11 hotels just opened and 472 are in some stage of development, according to Atlas Hospitality’s first-half summary…
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