Posts by WAW

Los Angeles Times 11/01/16 Beverly Hills Squeezes Chinese Hotel Builder for Big Bucks Instead of Offering a Handout By Michael Hiltzik http://www.latimes.com/business/hiltzik/la-fi-hiltzik-wanda-payout-20161101-story.html   The tradition in real estate development in recent years has gone something like this: Developer proposes mega-project, developer claims project will transform city into something great, city gives developer millions in tax…

Los Angeles Journal 10/31/16 Beverly Hills Outlines Lucrative Development Deal with Wanda Group By Daina Beth Solomon http://labusinessjournal.com/news/2016/oct/31/beverly-hills-outlines-lucrative-development-deal-/   Chinese developer Wanda Group is poised to pay mega-bucks to the City of Beverly Hills in an unprecedented development deal for the construction of its elite condo-hotel project, One Beverly Hills. The agreement, which awaits City…

Los Angeles Times 10/24/16 Park Hyatt Hotel Is Set to Join the Downtown L.A. Building Boom By Andrew Khouri http://www.latimes.com/business/la-fi-downtown-hyatt-20161024-snap-story.html   The $1-billion Oceanwide Plaza development, under construction in downtown Los Angeles, will include a luxury Park Hyatt hotel, underscoring the resurgence of the city center. The Hyatt Hotels Corp. brand is in just 38…

Orange County Register 10/24/16 Veteran Hotel Developers Talk Building Boom, Under Demolished and Overbuilt Areas By Hannah Madans http://www.ocregister.com/articles/olson-733128-hotel-hotels.html   More public spaces. Catering to international visitors. Hotels with local flair. Those are just a few trends veteran developer Bob Olson is seeing in the hotel industry. He owns Irvine-based R.D. Olson Construction and Newport…

Bisnow 10/19/16 Hospitality Is Booming in LA By Karen Jordan https://www.bisnow.com/los-angeles/news/commercial-real-estate/hospitality-booming-in-la-66557   Other industry leaders scheduled to speak include the Athens Group COO Jay Newman, LA Department of Convention & Tourism Development executive developer Robert Ovrom, Steinberg president and CEO David Hart, PCL Construction VP and district manager Jack Sample, and Atlas Hospitality Group president…

Sacramento Business Journal 10/06/16 Motel Operators Coming to the End of the Road By Mark Anderson http://www.bizjournals.com/sacramento/news/2016/10/06/cover-story-motel-operators-coming-to-the-end-of.html   Like a skeleton of the old highway system, many aging motels mark where main roads existed 60 years ago. Many of the motels continue operating more than a half-century after the freeways moved elsewhere. And even without…

Bisnow 10/05/16 Weighing Hospitality Development in LA By Karen Jordan https://www.bisnow.com/los-angeles/news/hotel/weighing-hospitality-development-in-la-66018   The hospitality market in LA is booming. With tourism on the rise and an increasing number of hotels being built, the future is looking bright for the hospitality industry, which will be the focus of Bisnow’s fourth annual LA Hospitality Development Boom event…

Los Angeles Times 09/03/16 Dual-Branded Hotels Are Multiplying in Southern California By Hugo Martin http://www.latimes.com/business/la-fi-travel-briefcase-dual-hotels-20160903-snap-story.html   In downtown Los Angeles, the latest hotel trend is visible near the L.A. Live entertainment complex. On one side of West Olympic Boulevard stands the JW Marriott/Ritz Carlton hotel. On the other side looms the Courtyard/Residence Inn hotel. Over…

Silicon Valley Business Journal 08/31/16 Unfamiliar Hotel Brand Coming to Santa Clara Near Levi’s Stadium By Bryce Druzin http://www.bizjournals.com/sanjose/news/2016/08/31/unfamiliar-hotel-brand-coming-to-santa-clara-near.html Santa Clara’s high hotel occupancy rate is caused by “tremendous demand and room shortages,” according to hotel expert Alan X. Reay.

HotelNewsNow 09/01/16 California Hotel Sales Drop Severely After Record Year By Sean McCracken http://www.hotelnewsnow.com/Articles/67458/California-hotel-sales-drop-severely-after-record-year   REPORT FROM THE U.S.—Hoteliers across the state of California have seen a steep drop-off in transactions through the first half of 2016 after a record-shattering 2015, according to research from Atlas Hospitality Group. Alan Reay, president of Atlas, said a…

San Fernando Valley Business Journal 08/22/16 Hotels Rising in Antelope Valley By Helen Floersh http://www.sfvbj.com/news/2016/aug/22/hotels-rising-antelope-valley/

The Daily Transcript 08/19/16 Developers Bringing Trio of Branded Hotels to Liberty Station By Thor Kamban Biberman     Three more branded hotels, totaling 650 rooms, will soon be developed across the ship channel from the main part of Liberty Station. The hotels will consist of a 181-room Hampton Inn & Suites, a 222-room Marriott…