Posts by WAW

The Orange County Register 02/25/18 Southern California Hotel Rooms Get Pricier: for Tourists and Investors By Jonathan Lansner https://www.ocregister.com/2018/02/25/southern-california-hotel-rooms-get-pricier-for-tourists-and-investors/   The Southern California hotel industry’s upswing continues to surprise. The basic business has enjoyed a remarkable turnabout from the Great Recession that’s attracted fresh money for construction and purchases. The industry’s ongoing surge has made…

The Orange County Register 02/23/18 $3.8 Billion Worth of Southern California Hotels Sold in 2017 By Jonathan Lansner https://www.ocregister.com/2018/02/23/southern-californian-hotels-sales-worth-3-8-billion-in-2017/ Southern California hotels continue to be hot properties with buyers eyeing a flood of visitors paying rising nightly rates and leaving only a modest number of empty rooms. Atlas Hospitality reports 180 Southern California hotels were…

The Orange County Register 02/23/18 Chinese Government Now Controls Local Resorts Ritz-Carlton, Montage, Loews Santa Monica By Jonathan Lansner https://www.ocregister.com/2018/02/23/chinese-government-now-controls-ritz-carlton-montage-loews-santa-monica/ The Chinese government has seized control of an insurance company that owns a collection of U.S. luxury hotels including Montage Laguna Beach in Laguna Beach, Ritz-Carlton Laguna Niguel in Dana Point and Loews Santa Monica.…

The Mercury News 02/21/18 Hotel Planned for Downtown San Jose’s South Side By George Avalos https://www.mercurynews.com/2018/02/21/hotel-planned-for-downtown-san-joses-south-side/ SAN JOSE — A large new hotel is being proposed for the south side of downtown San Jose, which could form a gleaming gateway — along with other projects — to the urban core of the Bay Area’s largest…

The San Diego Union-Tribune 02/16/18 Hotel Sales in San Diego Surpassed $611M in 2017, with Few Signs of a Slowdown By Lori Weisberg http://www.sandiegouniontribune.com/business/tourism/sd-fi-hotel-sales-20180216-story.html   Hotels continue to be a much desired commodity in California, which last year saw more than $6 billion in properties trade hands, from the Park Hyatt Aviara in Carlsbad to…

WEHOville.com 02/14/18 Stats Show WeHo Is a Leader in L.A. County’s Hotel Boom http://www.wehoville.com/2018/02/14/stats-show-weho-leader-l-countys-hotel-boom/   There is a hotel boom going on, with West Hollywood a leader in some respects. New hotel development in California in 2017 exceeded the peak set in 2008, according to a report by Atlas Hospitality Group, a hotel sales and…

The Orange County Register 02/13/18 Boutique Hotel Operator Kimpton Will Add Rooms in Anaheim, Garden Grove Resort District By Alicia Robinson https://www.ocregister.com/2018/02/13/boutique-hotel-operator-kimpton-will-add-rooms-in-anaheim-garden-grove-resort-district/   A 200-room, upscale boutique hotel will be coming in 2021 to Harbor Boulevard in the resort district shared by Anaheim and Garden Grove. The project by Kimpton Hotels and Restaurants, part of…

The Daily Transcript 02/12/18 Hotel Sales Strong; Overbuilding Concerns Lurk By Thor Kamban Biberman https://www.sdtranscript.com/common/login/?source=news&sourceid=966795   San Diego County’s hotel market saw a big hike in the number of sales and the overall dollar volume in 2017, according to an Atlas Hospitality Group report. A total of 29 hotels were sold last year, marking a…

TopHotelNews 02/13/18 California Hotels Set Room Growth Record in 2017 By Zack Quaintance https://tophotel.news/california-hotels-set-rooms-record-2017/   California set a record in 2017 for the number of hotel rooms opened. Sources believe this illustrates that the state is able to take on new supply. For that reason, California is now on track to see another record year…

The Real Deal 02/12/18 LA County Hotel Sales Hit a Record $1.7B in 2017: Report The local market is expected to add thousands more rooms in 2018 By Dennis Lynch https://therealdeal.com/la/2018/02/12/la-county-hotel-sales-hit-a-record-1-7-billion-in-2017-report/   Hotel sales in Los Angeles County reached a record $1.7 billion last year, as the city prepares for thousands of new rooms to…

San Fernando Business Journal 02/12/18 L.A. County Hotel Sales Hit $1.7 Billion in 2017 By Michael Aushenker http://sfvbj.com/news/2018/feb/12/l-county-hotel-sales-hit-17-billion-2017/ Los Angeles County hotel sales reached a record $1.7 billion in 2017, according to a year-end report by Irvine-based Atlas Hospitality Group, a real estate agency specializing in hotel sales. The figure amounts to $344 million more…

HotelNewsNow 02/09/18 5 Things to Know: California Led 2017 Hotel Sales in US http://www.hotelnewsnow.com/Articles/272676/5-things-to-know-9-February-2018   California led 2017 hotel sales in U.S.: According to data gathered by Atlas Hospitality Group in its 2017 year-end California hotel sales survey, California executed the most individual sales transactions of any state with 369, which is a 14.6% increase…