Posts by WAW

Los Angeles Business Journal 03/31/17 Extended Stay Pays for Hotels HOSPITALITY: King’s move to China yielded investors. By Daina Beth Solomon http://labusinessjournal.com/news/2017/mar/31/extended-stay-pays-hotels-hospitality   When the 2008 financial crisis crushed developer Grant King’s vision of opening a hotel in Hollywood, the co-founder of Relevant Group did more than call wealthy investors for help. He moved to…

Atlas Hospitality Group President Alan X. Reay on a panel at the RAR Hospitality Lodging Industry Forecast Event (March 24, 2017) https://www.facebook.com/rarhospitality/videos/840078036132321 https://www.facebook.com/rarhospitality/videos/840092306130894

WEHOville 03/29/17 Mayor Meister Calls for a Moratorium on New WeHo Hotel Construction By Staff http://www.wehoville.com/2017/03/29/mayor-meister-calls-moratorium-new-weho-hotel-construction/ Mayor Lauren Meister will ask the West Hollywood City Council on Monday to declare a moratorium on the development of new hotels in WeHo until the city can conduct a new study on their impact on the existing hotel…

The Real Deal 03/29/17 West Hollywood Mayor Seeks Moratorium on Hotel Construction By Hannah Miet https://therealdeal.com/la/2017/03/29/west-hollywood-mayor-seeks-a-moratorium-on-hotel-construction   West Hollywood Mayor Lauren Meister is wary of the hotel boom sweeping the city. So wary, in fact, that she will bring a proposal to City Council on Monday calling for a moratorium on new hotel development until…

San Diego Business Journal 03/26/17 Lodging Forecast: How Long Can Post-Recession Uptick Last? By Lou Hirsh http://sdbj.com/news/2017/mar/26/lodging-forecast-how-long-can-post-recession-uptic/   San Diego County’s lodging and tourism industries have been on a tear for the past six years. Can they go for a seventh in 2017? The local region in 2017 is expected to maintain its highest hotel…

San Francisco Chronicle 03/22/17 After Renovation, Berkeley’s Hotel Durant Keeps Quirky Charm By Kathleen Pender http://www.sfchronicle.com/business/networth/article/After-renovation-Berkeley-s-Hotel-Durant-keeps-11021092.php   It’s not often that you walk into an old hotel under renovation and can’t tell what’s new and what’s not. That’s by design at Berkeley’s Hotel Durant, which has been taken over and remodeled by Graduate Hotels, a…

Orange County Register 03/20/17 Montage International Debuts Pendry Hotel Brand with More on the Way By Hannah Madans http://www.ocregister.com/articles/montage-747037-pendry-residences.html   It’s been a busy start to the year for Irvine-based Montage International’s Pendry brand. In January, Montage Hotels & Resorts unveiled a new parent company brand, Montage International, which encompasses Montage Hotels & Resorts, Pendry…

Orange County Register 03/16/17 Three More Hotel Projects Planned in Anaheim’s Resort Area Around Disneyland By Joseph Pimentel http://www.ocregister.com/articles/anaheim-746764-hotel-hotels.html   With a “Star Wars” land under construction at nearby Disneyland and the Anaheim Convention Center expansion nearly complete, Bobby Bhagat decided now was the time to redevelop his aging Arena Inn & Suites. “It was…

Los Angeles Times 03/16/17 Does It Make Sense to Spend Up to $289 Million to Repair the Queen Mary? By Hugo Martin http://www.latimes.com/business/la-fi-queen-mary-repairs-20170315-story.html   Buried in a nearly 400-page study on the dire repairs needed for the venerable Queen Mary is a diagram of the 81-year-old ocean liner that looks like something out of an…

Los Angeles Business Journal 03/10/17 Hotel Books New Owner HOSPITALITY: Host pays $219 million for W property that resurrected Hollywood. By Caroline Anderson http://labusinessjournal.com/news/2017/mar/10/hotel-books-new-owner   A Bethesda, Md., real estate investment trust has acquired the W Hollywood hotel, which has been credited with kick-starting development in the Hollywood and Vine neighborhood. Host Hotels & Resorts…

HotelNewsNow 03/06/17 What California’s Transactions Dip Means for Owners The 2016 California Hotel Sales Survey shows hoteliers couldn’t keep up the record pace in transactions last year, but owners are still looking for deals in the Golden State. By Bryan Wroten http://www.hotelnewsnow.com/Articles/122235/What-Californias-transactions-dip-means-for-owners   REPORT FROM THE U.S.—With high barriers to entry in the California market…

Los Angeles Business Journal 03/03/17 Hoteliers May Be Running Out of Room for Deals By Caroline Anderson http://labusinessjournal.com/news/2017/mar/03/hoteliers-may-be-running-out-room-deals   With occupancy and hotel rates both hitting record highs in recent years in Los Angeles County, hotelier Renu Sikand had no reservations about checking in to the market. She and her husband, Happy, paid $16.5 million…