Posts by WAW
California Exceeds Supply Expectations with Record 2017
HotelNewsNow 01/25/18 California Exceeds Supply Expectations with Record 2017 California set a record in 2017 for the number of hotel rooms opened, which sources believe illustrates the state’s ability to absorb new supply. California is on track to see another record year of development in 2018, but some are wondering how much more supply the…
Read MoreAnaheim Hotel Sold by Trustee for $26M
CoStar 01/23/18 Anaheim Hotel Sold by Trustee for $26M Portofino’s Former Owner Defaulted on $36M Loan By Lou Hirsh https://gateway.costar.com/home/news/shared/186846 The 190-room Portofino Inn & Suites hotel in Anaheim, CA has been sold by a trustee for $26 million, after its prior owner defaulted on a $36 million loan on the property located at…
Read MoreL.A. County’s New Hotel Rooms Lead State
Los Angeles Business Journal 01/19/18 L.A. County’s New Hotel Rooms Lead State By Caroline Anderson http://labusinessjournal.com/news/2018/jan/19/l-countys-new-hotel-rooms-lead-state/ Los Angeles played a leading role as California saw a record number of new hotels open their doors last year, according to a report released this month by Irvine-based hotel brokerage Atlas Hospitality. The number of new hotel rooms…
Read MoreSan Diego in Midst of Hotel Building Boom
The San Diego Union-Tribune 01/22/18 San Diego in Midst of Hotel Building Boom By Lori Weisberg http://www.sandiegouniontribune.com/business/tourism/sd-fi-hotel-building-20180122-story.html In the span of a year, the number of hotel rooms under construction in San Diego County doubled, outpacing all other counties in Southern California. New year-end figures released by Orange County-based Atlas Hospitality Group document a…
Read MoreFig Fancy
Los Angeles Business Journal 12/29/17 Fig Fancy Downtown hotel set to reopen after extended renovation By Caroline Anderson http://labusinessjournal.com/news/2017/dec/29/fig-fancy/ The historic Hotel Figueroa’s doors are anticipated to open for business in coming months, thanks to a renovation that will be fancier – and pricier – than originally expected. Owners of the hotel – New…
Read MoreHotel Developers Grab Site Near Downtown San Jose’s Google Village Project
The Mercury News 01/18/18 Hotel Developers Grab Site Near Downtown San Jose’s Google Village Project By George Avalos https://www.mercurynews.com/2018/01/18/hotel-developers-grab-site-near-downtown-san-joses-diridon-station-google-transit-village/ SAN JOSE — Realty investors have grabbed a downtown San Jose property that’s expected to be developed as a high-rise hotel, a lodging site that would sprout next to a planned Google transit village. Diridon…
Read MoreDeveloper Goes Micro with Plans for Pod Hotel in SoMa
San Francisco Business Times 01/16/18 Developer Goes Micro with Plans for Pod Hotel in SoMa By Katie Burke https://www.bizjournals.com/sanfrancisco/news/2018/01/16/micro-hotel-development-hospitality-soma-sf-pod.html Few hotel guests have probably had the urge to snuggle in bed and flush the toilet at the same time, but the recent spurt of new micro hotel developments in San Francisco could make that…
Read MoreCookie Dough, Queso and Delivery Robots: Here Are the Biggest Hospitality Trends of 2018
San Francisco Business Times 01/12/18 Cookie Dough, Queso and Delivery Robots: Here Are the Biggest Hospitality Trends of 2018 By Katie Burke https://www.bizjournals.com/sanfrancisco/news/2018/01/12/sf-travel-hospitality-hotel-tourism-development.html From robot-run hotels to mocktail menus, San Francisco’s hospitality industry is bracing for some major changes in the year ahead. With technology and fast-changing customer demands expected to drive the biggest…
Read MoreEx-Hotel Operator Breaks Her Silence
Laguna Beach Independent 01/12/18 Ex-Hotel Operator Breaks Her Silence By Andrea Adelson https://www.lagunabeachindy.com/ex-hotel-operator-breaks-silence Responsibility for the deteriorating condition of Hotel Laguna and its abrupt closure last month lies with the Central Valley farm family that has owned the property since the ’70s, according to the hotel’s longtime former lessee, Georgia Andersen. In breaking her…
Read MoreWhat the Economy Is Doing to OC Hotels
GlobeSt.com 01/12/18 What the Economy Is Doing to OC Hotels By Carrie Rossenfeld The improved economy, coupled with the spike in new hotel development, means we are seeing more owners invest considerable amount of dollars toward renovation and upgrades, Atlas Hospitality’s Alan Reay tells GlobeSt.com. http://www.globest.com/sites/carrierossenfeld/2018/01/12/what-the-economy-is-doing-to-oc-hotels IRVINE, CA—The improved economy, coupled with the spike…
Read MoreCalifornia Hotel Construction to Increase in 2018
Bisnow 01/11/18 California Hotel Construction to Increase in 2018 By Jackie Bryant https://www.bisnow.com/san-diego/news/hotel/california-to-see-increase-in-hotel-construction-during-2018-83530 California’s hotel business is booming. The state set a new record in 2017 for the most hotel rooms opened in a single year, according to Atlas Hospitality Group’s 2017 California Hotel Development Survey. The 10,793 rooms that came online edged out…
Read MoreHotel Conversion Gets Construction Boost
GlobeSt.com 01/10/18 Hotel Conversion Gets Construction Boost By Carrie Rossenfeld http://www.globest.com/sites/carrierossenfeld/2018/01/11/hotel-conversion-gets-construction-boost SAN DIEGO— Developer Oram Hotels has received a $36.55-million loan for the continued renovation and development of Downtown San Diego’s historic 500 West Broadway building into an upscale, 163-room boutique hotel called the Guild San Diego. Regents Bank was the lender in the…
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