Posts by WAW
5 Things to Know: California Hotel Pricing Climbing Up, but Pace Down
HotelNewsNow 08/18/16 5 Things to Know: California Hotel Pricing Climbing Up, but Pace Down By the HNN editorial staff http://www.hotelnewsnow.com/Articles/64369/5-things-to-know-18-August-2016 California hotel pricing climbing up, but pace down: Atlas Hospitality Group released its “2016 Mid-Year California Hotel Sales Survey,” which shows that sales were off in the first quarter of 2016. Total dollar volume fell…
Read MoreHotel Sales Slowing, Mid-Year Hotel Survey Reveals
Bisnow 08/16/16 Hotel Sales Slowing, Mid-Year Hotel Survey Reveals By Patricia Kirk https://www.bisnow.com/san-diego/news/hotel/hotel-sales-slowing-mid-year-hotel-survey-reveals-64086 Irvine, CA-based Atlas Hospitality Group’s 2016 Mid-Year California Hotel Sales Survey recorded a 38% decrease in hotel sales in San Diego County during the first half of the year, compared to sales during the same period in 2015. Total dollar sales…
Read MoreCounty’s Hotel Property Deal Volume Declined in First Half
San Diego Business Journal 08/16/16 County’s Hotel Property Deal Volume Declined in First Half By Lou Hirsh http://sdbj.com/news/2016/aug/16/countys-hotel-property-deal-volume-declined-first-/ San Diego County’s hotel property transaction volume declined 38 percent from a year ago in the first half of 2016, with the dollar volume down 65 percent, according to a recent mid-year report by brokerage and…
Read More‘Taking a Breather’: Hotel Market Cools
Orange County Register 08/16/16 ‘Taking a Breather’: Hotel Market Cools By Hannah Madans http://www.ocregister.com/articles/year-725957-percent-sales.html Hotel sales volume was down 56 percent in California the first half of this year as buyers and sellers retreated from the market, according to Atlas Hospitality, an Irvine-based real estate firm. Orange County was a bright spot as hotel…
Read MoreHotel Sales Slow in California
The San Diego Union-Tribune 08/15/16 Hotel Sales Slow in California By Lori Weisberg http://www.sandiegouniontribune.com/news/2016/aug/15/hotel-sales-slow-california-san-diego/ Hotel real estate values in California continued to climb during the first half of this year, but the pace slowed considerably as fewer large, high-profile properties traded hands, a newly released report shows. Based on the metric of median price…
Read MoreCalifornia Building Boom Leads to Worries Over Supply
HotelNewsNow 08/15/16 California Building Boom Leads to Worries Over Supply By Sean McCracken http://www.hotelnewsnow.com/Articles/63929/California-building-boom-leads-to-worries-over-supply REPORT FROM THE U.S.—An extended period of strong hotel development has led to some supply concerns across California, but some markets are expected to remain strong as they enjoy favorable fundamentals and conditions that will keep supply growth to a…
Read MoreHotel Menage to Rebrand as Sheraton
Orange County Business Journal 08/11/16 Hotel Menage to Rebrand as Sheraton By Paul Hughes http://www.ocbj.com/news/2016/aug/11/hotel-menage-rebrand-sheraton/ The Hotel Menage in Anaheim plans to rebrand as a Four Points by Sheraton, industry sources said. The plan includes renovations of the hotel’s 255 rooms expected to begin in the fall and continue into early 2017. La Casa…
Read MoreSan Diego County Leads State in New Hotel Development
08/03/16 San Diego County Leads State in New Hotel Development By Thor Kamban Biberman San Diego County has added six hotels with 1,017 rooms so far in 2016 — the largest number of hotels of any county in the state, according to Atlas Hospitality Group. “We’re forecasting a huge uptick in hotel development,” said Alan…
Read MoreQueen Mary Is Getting a Bow to Stern Makeover — and a Club in the Boiler Room
Los Angeles Times 08/10/16 Queen Mary Is Getting a Bow to Stern Makeover — and a Club in the Boiler Room By Andrew Khouri http://www.latimes.com/business/la-fi-queen-mary-renovations-20160808-snap-story.html When Joshua Schwandt stayed at the Queen Mary several years ago, he loved the Art Deco woodwork and the way the Observation Bar oozed an old-timey feel. He wasn’t…
Read MoreHotel Boom Expected to Increase Employment in the Central Coast
KEYT – KCOY – KKFX 08/08/16 Hotel Boom Expected to Increase Employment in the Central Coast By Amanda Valdes http://www.keyt.com/news/hotel-boom-expected-to-increase-employment-in-the-central-coast/41107078 LOMPOC, Calif. – Construction at the Hilton Garden Inn in Lompoc is in full swing. “Lompoc hasn’t seen a hotel development in over 30 years this is the first hotel being build since the…
Read MoreForeign Interest in SoCal Hotels Drives Up Values
GlobeSt.com 08/08/16 Foreign Interest in SoCal Hotels Drives Up Values By Carrie Rossenfeld http://www.globest.com/sites/carrierossenfeld/2016/08/08/foreign-interest-in-socal-hotels-drives-up-values SAN DIEGO—Hotels in Downtown L.A., Orange County and San Diego have attracted a lot of interest from overseas investors, creating upward pressure on land values and new hotel development in these markets, Atlas Hospitality Group’s president Alan Reay tells GlobeSt.com. The…
Read MoreCould California Have Too Many Hotels in the Works?
The Real Deal 08/05/16 Could California Have Too Many Hotels in the Works? By Cathaleen Chen http://therealdeal.com/la/2016/08/05/could-california-have-too-many-hotels-in-the-works/ California developers may be overdoing hotel construction. More than 17,000 hotels rooms are under construction in California, nearly 40 percent of which are in Los Angeles County, according to a new report by Atlas Hospitality Group cited by…
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