Posts by WAW
Welcome to L.A.’s Luxury Hotel Boom, Featuring $20,000 Suites and James Bond Exotic Cars
Los Angeles Times 04/19/18 Welcome to L.A.’s Luxury Hotel Boom, Featuring $20,000 Suites and James Bond Exotic Cars By Hugo Martin http://www.latimes.com/business/la-fi-five-star-hotels-20180419-story.html At the newest five-star hotel around Los Angeles, a massive bronze chandelier hangs from its nearly three-story Art Deco lobby, suffused with the scent of fresh-cut roses. Upstairs, each room is fitted…
Read MoreNew Owner of Iconic Nob Hill Hotel Proposes Adding Rooms, Amenity Space
San Francisco Business Times 04/11/18 New Owner of Iconic Nob Hill Hotel Proposes Adding Rooms, Amenity Space By Katie Burke https://www.bizjournals.com/sanfrancisco/news/2018/04/11/intercontinental-igh-mark-hopkins-nob-hill-sf.html One of San Francisco’s largest hotels wants to make major changes with plans to add rooms and amenities. The new owners of the InterContinental Mark Hopkins have proposed demolishing a portion of the 383-room…
Read MoreHospitable Housing: Motels Are Being Repurposed to Support the Homeless Population
Bisnow 03/27/18 Hospitable Housing: Motels Are Being Repurposed to Support the Homeless Population By Joseph Pimentel https://www.bisnow.com/national/news/affordable-housing/turning-motels-into-homes-for-the-homeless-86613 Legend has it in the mid-1970s two young computer programmers, Bill Gates and Paul Allen, stayed at a New Mexico motel where they came up with a little-known computer program called Microsoft that would later change the world.…
Read MoreShawmut Design and Construction’s Burgeoning L.A. Office Looks to Hospitality and Interiors for Future Growth
Building Design + Construction 03/27/18 Shawmut Design and Construction’s Burgeoning L.A. Office Looks to Hospitality and Interiors for Future Growth By John Caulfield https://www.bdcnetwork.com/shawmut-design-and-construction%E2%80%99s-burgeoning-la-office-looks-hospitality-and-interiors-future-growth Last year, California opened 10,793 hotel rooms, a record for the state according to Atlas Hospitality Group. California has 859 hotels and 125,749 rooms in various stages of planning. In Los…
Read MorePlans for 21-story SoMa Hotel Shrink by Nearly 200 Rooms
San Francisco Business Times 03/23/18 Plans for 21-story SoMa Hotel Shrink by Nearly 200 Rooms By Katie Burke https://www.bizjournals.com/sanfrancisco/news/2018/03/23/downsized-hotel-sf-central-soma-plan-hospitality.html The developer of a proposed 21-story SoMa hotel will cut seven stories and nearly 200 rooms from its original plan. Initially slated to include 480 rooms, Bethesda, Md.-based developer Englewood LLC has scaled back its…
Read MoreCalifornia Hotel Development Sets Record in 2017
California Lodging Magazine March/April 2018 https://atlashospitality.com/wp-content/uploads/2018/03/Cal-Lodging-California-Hotel-Development-Sets-Record-in-2017-201803.pdf
Read MoreLaguna Beach Art Hotel Sells
Orange County Business Journal 03/14/18 Laguna Beach Art Hotel Sells By Paul Hughes http://www.ocbj.com/news/2018/mar/14/laguna-beach-art-hotel-sells/ Art Hotel in Laguna Beach sold for $7.7 million. Irvine-based Atlas Hospitality Group brokers represented both buyer, Sutter County Hospitality Inc. in San Francisco, and seller, Emerald Bay Inn LLC in Laguna Beach. Emerald Bay has owned the hotel since…
Read MoreCalifornia Hotel Deals in 2018 Likely to Remain Robust
HotelNewsNow 03/13/18 California Hotel Deals in 2018 Likely to Remain Robust It came as a bit of a surprise that 2017 was such a strong year for California hotel transactions, but experts watching the deals environment expect 2018 to be just as good, if not better. By Bryan Wroten http://www.hotelnewsnow.com/Articles/279664/California-hotel-deals-in-2018-likely-to-remain-robust REPORT FROM CALIFORNIA—In 2017,…
Read MoreLightstone Group’s 1,150-key Hotel Project Gets Preliminary Green Light
The Real Deal Lightstone Group’s 1,150-key Hotel Project Gets Preliminary Green Light By Natalie Hoberman https://therealdeal.com/la/2018/03/12/lightstone-groups-1150-key-hotel-project-gets-preliminary-green-light/ Lightstone Group has cleared another hurdle as it sets out to build “Fig + Pico,” a large mixed-use project slated across the street from the Los Angeles Convention Center. The L.A. Planning Commission approved the project, which now…
Read MoreSale of Southern California Hotels Increase in 2017
Patch 02/16/18 Sale of Southern California Hotels Increase in 2017 By Hoa Quach https://patch.com/california/beverlyhills/sale-southern-california-hotels-increase-2017 SOUTHERN CALIFORNIA — Real estate transactions involving Southern California hotels increased in 2017. The Orange County Register reported that transactions worth $3.8 billion happened in the last year, an increase of 8 percent. Roughly 180 hotels in the region were…
Read MoreHomes in a Hotel? That’s the Plan for This Downtown San Jose Development
The Mercury News 02/23/18 Homes in a Hotel? That’s the Plan for This Downtown San Jose Development By George Avalos https://www.mercurynews.com/2018/02/23/downtown-san-jose-hotel-will/ SAN JOSE — The developers of a hotel planned for the Diridon train station area in downtown San Jose have filed plans with city officials that sketch the concept of high-rise lodging with guestrooms…
Read MoreSouthern California to Get 75 More Hotels After 39 Opened Last Year
The Sun 02/24/18 Southern California to Get 75 More Hotels After 39 Opened Last Year By Jonathan Lansner https://www.redlandsdailyfacts.com/2018/02/24/southern-california-to-get-75-more-hotels/ Southern California’s hotel building boom continues. Atlas Hospitality reports the five-county region saw 39 hotels open last year, bringing 7,331 more rooms to Southern California. That’s up from 22 new properties with 3,955 rooms in 2016.…
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