Posts by WAW
Drop in Hotel Volume Seen as a Return to Normal
GlobeSt.com 03/01/17 Drop in Hotel Volume Seen as a Return to Normal By Carrie Rossenfeld http://www.globest.com/sites/carrierossenfeld/2017/03/01/drop-in-hotel-volume-seen-as-a-return-to-normal IRVINE, CA—The decline in dollar volume for hotel sales in 2016 is not really that significant since we were coming off a record-breaking year in 2015 and the decrease was anticipated, Atlas Hospitality’s president Alan Reay tells GlobeSt.com.…
Read MoreAre the President’s Policies Hurting the Trump Hotels?
Los Angeles Times 02/25/17 Are the President’s Policies Hurting the Trump Hotels? By Hugo Martin http://www.latimes.com/business/la-fi-travel-briefcase-trump-hotel-20170225-story,amp.html Since President Trump took office, controversy over some of his policies has triggered noisy protests and rallies in front of hotels emblazoned with the Trump name. It is uncertain if the rallies and protests have hurt business at Trump…
Read MoreWest Hollywood Sunset Tower Hotel Targets $100M Sale
Los Angeles Business Journal 02/24/17 West Hollywood Sunset Tower Hotel Targets $100M Sale By Daina Beth Solomon http://labusinessjournal.com/news/2017/feb/24/west-hollywood-sunset-tower-hotel-targets-100m-sal West Hollywood’s Sunset Tower Hotel went on the market for roughly $100 million last week, according to a source familiar with the site. At a price translating to $1.2 million a room, the transaction would become…
Read MoreHomewood Suites Opens Near JWA
The Orange County Register 02/14/17 Homewood Suites Opens Near JWA By Hannah Madans http://www.ocregister.com/articles/irvine-743995-hotel-suites.html Construction has been completed on the now up and running Homewood Suites by Hilton Irvine/John Wayne Airport. The project was Irvine-based R.D. Olson Construction’s first partnership with hotel management and development company DKN Hotels, also based in Irvine. “When presented with…
Read MoreHotel Deals Down in 2016
Orange County Business Journal 02/13/17 Hotel Deals Down in 2016 By Paul Hughes http://www.ocbj.com/news/2017/feb/13/hotel-deals-down-2016 22 hotels sold in Orange County for $807 million last year, down 19% and 54%, respectively, from 2015, when 27 hotels sold for $1.8 billion, according to Atlas Hospitality Group in Irvine. The year-end report from hotel consultant and broker…
Read MoreAtlas Report: Local Hotel Property Deal Volume Down 67.8 Percent in 2016
San Diego Business Journal 02/13/17 Atlas Report: Local Hotel Property Deal Volume Down 67.8 Percent in 2016 By Lou Hirsh http://www.sdbj.com/news/2017/feb/13/atlas-report-local-hotel-property-deal-volume-down San Diego County saw hotel property sales volume in 2016 decline 67.8 percent from the prior year, to $473.1 million, as the number of completed deals dropped from 30 to 21, according to…
Read MoreRecord Development Pace Fuels California Supply Worries
HotelNewsNow.com 02/14/17 Record Development Pace Fuels California Supply Worries California again proves to be a popular state for hotel development, but those in the industry are keeping a watchful eye on the amount of new supply coming in. By Bryan Wroten http://hotelnewsnow.com/Articles/115526/Record-development-pace-fuels-California-supply-worries REPORT FROM THE U.S.—The latest California Hotel Development Survey by Atlas Hospitality…
Read MoreDoubleTree Suites in Dana Point Debuts $8 Million Renovation
The Orange County Register 02/10/17 DoubleTree Suites in Dana Point Debuts $8 Million Renovation By Hannah Madans http://www.ocregister.com/articles/hotel-743617-suites-resort.html A DoubleTree hotel in Dana Point has debuted an $8 million renovation that has refreshed its guest suites, gathering spaces and outdoor lounges. The hotel, at 34402 Pacific Coast Highway, has 196 renovated suites and gathering…
Read MoreAnaheim Breaks Visitor Record, with Crowds Flocking to Disneyland and Convention Center
Los Angeles Times 02/09/17 Anaheim Breaks Visitor Record, with Crowds Flocking to Disneyland and Convention Center By Hugo Martin http://www.latimes.com/business/la-fi-anaheim-visitors-20170208-story.html Several bustling conventions, a slew of new hotels and an army of Disneyland fans helped the city of Anaheim draw a record 23 million visitors last year, tourism officials said. The 2016 record, a…
Read MoreSoCal Hotel Boom Has 13,000 Rooms Rising, Nearly 1,500 in San Diego
Bisnow 02/02/17 SoCal Hotel Boom Has 13,000 Rooms Rising, Nearly 1,500 in San Diego By Patricia Kirk https://www.bisnow.com/san-diego/news/hotel/socal-hotel-boom-has-13000-rooms-rising-nearly-1500-in-san-diego-70556 Southern California is experiencing a hotel boom, with more than 13,000 rooms under construction in 2016 and another 66,000 in the pipeline. Six hotels with 1,017 rooms opened in San Diego last year, up from 711…
Read MoreHow Lenders View Hotel Construction Now
GlobeSt.com 02/03/17 How Lenders View Hotel Construction Now By Carrie Rossenfeld http://www.globest.com/sites/carrierossenfeld/2017/02/03/how-lenders-view-hotel-construction-now IRVINE, CA—Just a few years ago, it was virtually impossible to find a hotel construction lender; that has completely changed, which is why so many more projects are getting built, Atlas Hospitality Group’s president Alan Reay tells GlobeSt.com. The firm recently released…
Read MoreHotel Building Boom Continues in Southern California
The San Diego Union-Tribune 02/01/17 Hotel Building Boom Continues in Southern California By Lori Weisberg http://www.sandiegouniontribune.com/business/sd-fi-hotel-development-20170131-story.html Hotel developers remain bullish on Southern California, with more than 13,000 rooms under construction during 2016, plus 66,000 more in the planning pipeline. The 12 percent growth in last year’s construction activity over 2015 is documented in a…
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