Posts by WAW

Orange County Business Journal 01/09/18 OC Hotel Development Down in 2017 By Paul Hughes http://www.ocbj.com/news/2018/jan/09/oc-hotel-development-down-2017/   Fewer and smaller hotels opened in Orange County last year, Atlas Hospitality Group in Irvine said. Six hotels with 960 rooms opened in OC in 2017, a room count a little more than half of 2016’s total of 1,808…

Orange County Business Journal 12/18/17 2018 Preview: Hospitality & Tourism By Paul Hughes http://www.ocbj.com/news/2017/dec/18/2018-preview-hospitality-tourism/   What have you done for me lately? Hospitality in recent years has seen its share of hype and change, from a hot hotel market to planned fantasies and tomorrows at Orange County tourist meccas. 2018 holds the latest takes on…

The Mercury News 12/15/17 Downtown San Jose’s Fairmont Hotel to Be Sold for $250 Million By George Avalos http://www.mercurynews.com/2017/12/15/fairmont-hotel-in-downtown-san-jose-slated-for-250-million-sale/   SAN JOSE — The Fairmont Hotel in downtown San Jose is slated to sell next year for $250 million, according to one of the principal owners of the iconic lodging complex. The 805-room hotel tower…

CoStar 12/13/17 San Diego Remains Hotbed for Hotel Development By Lou Hirsh http://www.costar.com/News/Article/San-Diego-Remains-Hotbed-for-Hotel-Development/196580 For 2018 and likely beyond, experts are expecting San Diego County to remain among California’s hottest spots for new hotel development. That’s thanks in part to a continued strong influx of tourists, conventioneers and business travelers into a market that has generally…

HotelNewsNow 12/13/17 Hotels Mostly Unscathed by Latest California Wildfires The ongoing wildfires in Southern California are some of the worst in the state’s history, but few hotels are closing because of the fires; however, hoteliers are concerned about the potential loss of business from canceled and postponed bookings. http://www.hotelnewsnow.com/Articles/259583/Hotels-mostly-unscathed-by-latest-California-wildfires REPORT FROM THE U.S.—Another round of…

The Mercury News 12/06/17 San Jose Hotel Purchase Suggests Hot Silicon Valley Lodging Market By George Avalos http://www.mercurynews.com/2017/12/05/san-jose-hotel-purchase-suggests-hot-silicon-valley-lodging-market/ SAN JOSE — A big Holiday Inn north of downtown San Jose has been bought by a New York-based group in a nearly $62 million deal that points to a healthy hotel market in Silicon Valley. “This…

Los Angeles Business Journal 12/01/17 Hotel Heat Makes Old Buildings Cool By Caroline Anderson http://labusinessjournal.com/news/2017/dec/01/hotel-heat-makes-old-buildings-cool/ Developers are fashioning historic old buildings into new hotels to accommodate the record numbers of visitors flocking to Los Angeles these days. It’s a strategy that comes with challenges and potential benefits, including tax credits in some cases and the…

Orange County Business Journal 11/06/17 $50M in Hotel Buys Hint at Past, Present HOSPITALITY: Sales at Dyer & 55 Are Midscale Trend Marker By Paul Hughes http://www.ocbj.com/news/2017/nov/06/50m-hotel-buys-hint-past-present   George Santayana said those who do not remember the past are condemned to repeat it, but sometimes that’s not so bad. Two recent Santa Ana hotel sales…

San Francisco Business Times 10/24/17 From One Chairman of the Board to Another, Ellison Buys Tahoe Resort Once Owned by Sinatra By Marlize van Romburgh https://www.bizjournals.com/sanfrancisco/news/2017/10/24/larry-ellison-cal-neva-tahoe-resort-sinatra-hotels.html   Bay Area billionaire Larry Ellison is getting ready to buy a historic but rundown Lake Tahoe resort once owned by Frank Sinatra, the Sacramento Bee reports. The founder…

The Orange County Register 10/07/17 Southern California Still a Growing Tourist Area By Jonathan Lansner http://www.ocregister.com/2017/10/06/southern-california-still-a-growing-tourist-trap   Southern California’s tourism trade looks to be enjoying a relatively solid 2017. Industry stats show busy local airports, hotels a bit challenged by an increase of rooms to fill, and leisure and hospitality bosses continue to hire. Tourism’s…

Los Angeles Business Journal 09/29/17 Labor Works Against Hotel? HOSPITALITY: Westin sale may reflect union pull in LB. By Caroline Anderson http://labusinessjournal.com/news/2017/sep/29/labor-works-against-hotel-hospitality/   The recent deal for a Long Beach hotel below its last sale price could be a sign of tangible effects that labor action is having on the Long Beach hotel market, analysts…

Los Angeles Business Journal 07/28/17 New Financial District Hotels Drive State Record Three properties add 1,465 rooms, nearly one-third of six-month total. By Jerry Sullivan http://labusinessjournal.com/news/2017/jul/28/wilshire-grand-hotels-drive-state-record/ Downtown’s Financial District accounted for nearly one-third of the number of hotel rooms added to the industry’s inventory statewide in the first half of the year, thanks to a…