Posts by WAW

Los Angeles Business Journal 07/28/17 Modular Wall Maker Puts Together Fund Emagispace raises $4.2 million to help product grow beyond use on film, television productions. By Shwanika Narayan http://labusinessjournal.com/news/2017/jul/28/modular-wall-maker-fund-manufacturing/ Downtown-based Emagispace Inc. has raised $4.2 million in a Series A funding round intended to grow its product line of modular walls that can be assembled…

The Orange County Register 10/03/17 Southern California Hotels Find Filling Rooms Tricky By Jonathan Lansner http://www.ocregister.com/2017/10/03/southern-california-hotels-find-filling-rooms-tricky/   Is the local hotel industry too eager to expand? Southern California hotels appeared to be struggling with a growing supply of empty rooms this summer. In August, for example, all five local markets tracked by CBRE Hotels had…

HotelNewsNow 09/27/17 Bump in California Hotel Sales Shows Strength of Market By Bryan Wroten http://www.hotelnewsnow.com/Articles/241548/Bump-in-California-hotel-sales-shows-strength-of-market   REPORT FROM THE U.S.—California remains an active hotel investment market in 2017, and data from Jones Lang LaSalle shows more hotel investment in the state during the first eight months of the year than there was during the same…

Los Angeles Times 09/24/17 Is Disney Paying Its Share in Anaheim? The money battle outside the Happiest Place on Earth By Daniel Miller http://www.latimes.com/projects/la-fi-disney-anaheim-deals   A few hours after the gates swing open at Disneyland and Disney California Adventure, the cars are still pouring into the massive 10,241-space parking garage. They zoom into the six-story…

The Registry 08/30/17 Hospitality Market in California Retains Its Shine By Michele Chandler http://news.theregistrysf.com/hospitality-market-california-retains-shine   Hotel sales surged in California during the first half of the year, according to a recent industry report. A shortage of strong alternative investment opportunities and attractive terms are fueling a spike of first-time investors in California hotels, including investors…

Building Design + Construction 08/25/17 Hotels Savor Demand in Northern California’s Wine Country By John Caulfield https://www.bdcnetwork.com/hotels-savor-demand-northern-californias-wine-country The Wine Institute estimates that nearly 24 million people visit the 4,653 wineries in California’s wine regions each year. That tourism’s economic impact in the state, which last year totaled $57.6 billion, includes a robust hospitality and lodging…

Orange County Business Journal 08/17/17 Hotel Construction Mostly Small World for Meetings Properties Coming Soon for Smaller, Local Clients By Paul Hughes https://www.ocbj.com/news/2017/aug/14/hotel-construction-mostly-small-world-meetings   Local data show at least eight Orange County hotel projects are under way, several that are scheduled to open in the next six months, and most notable for something they’ll have…

Bisnow 08/15/17 San Diego Hotel Transactions Up 70% in First Half of 2017 By Patricia Kirk https://www.bisnow.com/san-diego/news/hotel/san-diego-hotel-transactions-up-70-in-first-half-of-2017-77702   Hotel transactions in San Diego County increased in the first six months of 2017, up 70% from previous midyear sales. The total sales dollar value rose 54%, according to a midyear hotel sales report from Atlas Hospitality…

The San Diego Union-Tribune 08/15/17 SoCal Hotel Sales Reach New Record By Lori Weisberg http://www.sandiegouniontribune.com/business/tourism/sd-fi-hote-sales-20170815-story.html In a surprise turnaround, Southern California hotels sales rose sharply during the first half of the year, reversing a downward trend for all of 2016, reported Irvine-based Atlas Hospitality Group. The mid-year report reveals a record number of transactions for…

The Real Deal 08/14/17 LA Hotels Are Trading at Double the Rate They Did Last Year: Report By Katherine Clarke https://therealdeal.com/la/2017/08/14/la-hotels-are-trading-at-double-the-rate-they-did-last-year-report   Los Angeles hotels are trading at twice the rate they did last year, thanks in part to the availability of financing and continued demand among buyers from China. In L.A. County, 26 hotels…

The Orange County Register 08/11/17 Check Out the Top Orange County Hotel Sales of 2017 Through June By Hannah Madans http://www.ocregister.com/2017/08/11/check-out-the-top-orange-county-hotel-sales-of-2016-a-record-year-for-california-overall/   The hotel industry hit a record in California in the first six months of 2017, with 206 properties changing hands for roughly $3.2 billion, according to Atlas Hospitality Group. The previous state record…

The San Diego Union-Tribune 08/11/17 Lender Takes Possession of Park Hyatt Aviara By Lori Weisberg http://www.sandiegouniontribune.com/business/tourism/sd-fi-parkhyatt-aviara-20170811-story.html   Carlsbad’s luxury resort, Park Hyatt Aviara, has been taken over by its lender following a years-long struggle by its previous owners to repay debt that was coming due… …The 2011 loan extension expired in February of this year.…