Posts by WAW

Forbes / Bisnow 08/10/17 California Leads the Nation for Q2 Hotel Sales Even as Sector Slows By Karen Jordan https://www.forbes.com/sites/bisnow/2017/08/11/california-leads-the-nation-for-q2-hotel-sales-even-as-sector-slows/#41fb90b35ba1   While the nation’s hotel deals have slowed in the first half of this year after several years of rising sales, some markets continue to do well. California was the nation’s most active market for…

Orange County Business Journal 08/10/17 Hotel Sales Mid-Year Tally: $372M By Paul Hughes http://www.ocbj.com/news/2017/aug/09/hotel-sales-mid-year-sales-tally-372m   16 OC hotels sold for more $372 million in the first six months of the year—an average of $23.3 million and 201% higher by dollar volume than in the same period last year. The tally for the first half of…

HotelNewsNow 07/31/17 California Remains Popular, Challenging for Development By Bryan Wroten http://www.hotelnewsnow.com/Articles/158190/California-remains-popular-challenging-for-development   REPORT FROM THE U.S.—Hotel development in California continues on at an increasing rate. Atlas Hospitality Group’s California Hotel Development Survey for mid-year 2017 shows the number of hotel openings jumped 53% year over year. So far this year, the California market has…

Santa Cruz Sentinel 07/26/17 Santa Cruz Hotels Hot: Lexington, Hyatt Place to Open Soon; Six in the Pipeline By Jondi Gumz http://www.santacruzsentinel.com/business/20170726/santa-cruz-hotels-hot-lexington-hyatt-place-to-open-soon-six-in-the-pipeline   SANTA CRUZ >> Santa Cruz County’s hotel sector is hot, with a trend of owners tearing down older properties to build new ones. Three hotels with 390 rooms are under construction right…

The Mercury News 07/26/17 San Jose Hotels Moving Ahead, Revived with New Financing By George Avalos http://www.mercurynews.com/2017/07/26/san-jose-hotels-moving-ahead-revived-with-new-financing-google-cisco   SAN JOSE — Developers are pushing ahead in north San Jose with an unusual lodging concept: a complex with two hotel brands that would share a common lobby. Together, the two hotels would bring 261 new lodging…

Bisnow 07/24/17 California Experiences Hotel Boom in First Half of 2017 By Karen Jordan https://www.bisnow.com/orange-county/news/construction-development/la-76859   California has seen a hotel boom so far this year. The number of new hotels that opened statewide in the first half of the year increased 53%. There were also 15% more hotels in development and 6% more under…

San Diego Business Journal 07/13/17 New San Diego Hotel Opens, With Plenty More on the Way By Lou Hirsh http://sdbj.com/news/2017/jul/13/new-san-diego-hotel-opens-plenty-more-way   San Diego — San Diego’s newest hotel is a 245-room Homewood Suites by Hilton, which recently opened at 2201 Hotel Circle South in Mission Valley and is managed by Evolution Hospitality of San Clemente.…

The Orange County Register 07/18/17 Record Number of California Hotel Rooms Open in First Half of 2017 By Hannah Madans   Record number of California hotel rooms open in first half of 2017 The number of new hotels that opened in California increased 53 percent in the first half of 2017 and there were 15…

Travel Weekly 07/12/17 2017 a Big Year for California Hotel Openings By Danny King http://www.travelweekly.com/Travel-News/Hotel-News/2017-a-big-year-for-California-hotel-openings   California has shattered its record for hotel rooms opened during the first half of a year. Developers opened 26 hotels totaling 4,730 rooms from January to June, a 53% increase for hotels and a 65% surge for rooms from…

Orange County Business Journal 07/10/17 Hotel Construction Down; Planning Up By Paul Hughes https://www.ocbj.com/news/2017/jul/10/hotel-construction-down-planning   The number of hotels and rooms under construction in Orange County as of the end of June declined year-over-year but the number of hotels and rooms in planning is up. OC has eight hotels with about 1,200 rooms under construction…

Los Angeles Times 07/08/17 With Retractable Pool and Tao Restaurant, Flashy Dream Hotel Anchors New Hollywood Revival By Roger Vincent http://www.latimes.com/business/la-fi-dream-hotel-hollywood-20170708-story.html   From top to bottom, the futuristic-looking Dream Hotel tries hard to live up to its name. The centerpiece of a $110-million hospitality complex, it features a front lobby and bar that will open…

The San Diego Union-Tribune 07/05/17 Hotel del Coronado Is Going to Become a Hilton By Lori Weisberg http://www.sandiegouniontribune.com/business/tourism/sd-fi-hoteldel-hilton-20170705-story.html   The storied Hotel del Coronado will soon become a Hilton hotel, joining the huge hospitality company’s smaller Curio Collection of more unique, upscale properties around the world. But don’t expect to see a large Hilton marquee…