Posts by WAW
Brand-new Sunset Strip Apartments to Become Deluxe Extended-stay Hotel
Los Angeles Times 06/28/17 Brand-new Sunset Strip Apartments to Become Deluxe Extended-stay Hotel By Roger Vincent http://www.latimes.com/business/la-fi-sunset-strip-sale-20170627-story.html A just-completed apartment complex on the Sunset Strip in West Hollywood has been sold to a Pennsylvania developer that plans to convert the property into a luxury extended-stay hotel. The 190 apartments at 8500 Sunset Blvd. are…
Read MoreKorean Firm Pays $64 Million for San Jose’s Iconic Sainte Claire Hotel
The Mercury News 06/29/17 Korean Firm Pays $64 Million for San Jose’s Iconic Sainte Claire Hotel By George Avalos http://www.mercurynews.com/2017/06/29/korean-firm-pays-64-million-for-san-joses-iconic-sainte-claire-hotel SAN JOSE — A Korean resorts operator has scooped up the Westin San Jose — more commonly known as the Sainte Claire hotel — in downtown San Jose, paying $64 million for the iconic…
Read MoreSanta Monica Wants to Know Who Owns Its Popular Beachfront Hotels
Los Angeles Times 06/28/17 Santa Monica Wants to Know Who Owns Its Popular Beachfront Hotels By Hugo Martin http://www.latimes.com/business/la-fi-santa-monica-anbang-20170628-story.html The Waldorf Astoria New York, once a renowned symbol of luxury on Park Avenue, is being converted to luxury condominiums under its new owners, Chinese insurance giant Anbang Insurance Group. Labor union leaders and city…
Read MoreCalifornia’s Hotel Building Boom Shows No Signs of Slowing
The San Diego Union-Tribune 07/06/17 California’s Hotel Building Boom Shows No Signs of Slowing By Lori Weisberg http://www.sandiegouniontribune.com/business/tourism/sd-fi-hotel-development-20170706-story.html Developers’ love affair with new hotels is not likely to flame out soon, considering the more than 18,000 rooms under construction up and down the state so far this year, with tens of thousands more in…
Read MoreWine, Culinary Offerings Draw Guests to Santa Rosa
HotelNewsNow 07/11/17 Wine, Culinary Offerings Draw Guests to Santa Rosa By Danielle Hess http://www.hotelnewsnow.com/Articles/150807/Wine-culinary-offerings-draw-guests-to-Santa-Rosa SANTA ROSA, CALIFORNIA—Napa Valley isn’t the only California destination where you can explore wine country and also be near the ocean. There’s Santa Rosa, located in Sonoma County, California, which is enjoying a tourism renaissance leading to more hotel development.…
Read MoreLone Oak Lodge in Monterey Changes Hands
REBusinessOnline.com 06/23/17 Lone Oak Lodge in Monterey Changes Hands By Nellie Day https://rebusinessonline.com/lone-oak-lodge-in-monterey-changes-hands MONTEREY, CALIF. — A local, private investor has acquired the 46-room Lone Oak Lodge in Monterey for an undisclosed sum. The hotel is located at 2221 N. Fremont St. The boutique property is near the Monterey Bay Aquarium, Cannery Row, Fisherman’s…
Read MoreHotel Development Boom Hits San Jose
Silicon Valley Business Journal 06/14/17 Hotel Development Boom Hits San Jose By Olivia Schaber http://www.bizjournals.com/sanjose/news/2017/06/14/hotel-development-boom-hits-san-jose.html Amid a boom in convention business, an influx of new hotels is headed to downtown San Jose. The upswing follows a five-year lull, between 2009 and 2014, that brought virtually no new hospitality development to the city. Two new…
Read MoreArea Hospitality Steady in Rooms, Trends, Money
Orange County Business Journal 05/29/17 Area Hospitality Steady in Rooms, Trends, Money By Paul Hughes http://www.ocbj.com/news/2017/may/29/area-hospitality-steady-rooms-trends-money Waterfront Beach Resort, A Hilton Hotel shuttered six of its 290 rooms last year, but it had a very good reason—the move helped make way for about 150 more in a new tower that’s scheduled to open in…
Read MoreMarriott Turns to Prefabricated Rooms for Quicker Hotel Construction
Los Angeles Times 05/13/17 Marriott Turns to Prefabricated Rooms for Quicker Hotel Construction By Hugo Martin http://www.latimes.com/business/la-fi-travel-briefcase-prefab-20170513-story.html To speed hotel construction, Marriott International is increasingly using prefabricated rooms that can be stacked like shoe boxes with a crane. The Maryland-based hotel company — the world’s largest lodging business — plans to sign deals for…
Read MoreDevelopment, Demand Has Silicon Valley Hotels Trending
HotelNewsNow 04/06/17 Development, Demand Has Silicon Valley Hotels Trending Hotels in Silicon Valley are reaping the benefits of sharing the same zip codes as several widely successful international technology companies. By Bryan Wroten http://www.hotelnewsnow.com/Articles/130271/Development-demand-has-Silicon-Valley-hotels-trending REPORT FROM THE U.S.—Known for the success of the technology companies that call the area south of San Francisco home,…
Read MoreNew High-rise Hotel Slated for Downtown San Jose
The Mercury News 04/05/17 New High-rise Hotel Slated for Downtown San Jose By George Avalos http://www.mercurynews.com/2017/04/04/new-highrise-hotel-slated-for-downtown-san-jose Downtown San Jose is slated to land a new 24-story hotel, in a proposal that would blend a gleaming tower with a historic hotel and add nearly 300 rooms for visitors to the city’s urban core. The planned…
Read More2016 Atlas Hospitality Group California Hotel Development Survey Now Available
Through the end of 2016, the California hotel market enjoyed a record six-year run-up in increasing room revenues, profitability and values. This led to a much more positive environment for new hotel construction; we are definitely seeing a jump in new hotel rooms completed and in planning. For additional information: Atlas Hospitality Group California Hotel…
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