Posts by WAW

East Bay Times 07/07/16 High-rise Hotel Proposed for San Jose By George Avalos http://www.eastbaytimes.com/breaking-news/ci_30102495/high-rise-hotel-proposed-san-jose   SAN JOSE — In a fresh indicator of the region’s bustling economy, a hotel that would be one of San Jose’s tallest buildings is being considered for a site north of downtown. The planned 24-story hotel would be built on…

Southern California Public Radio (SCPR) / 89.3 KPCC 06/06/16 In This Sizzling Hot Real Estate Market, Should a Downtown Developer Get Tax Breaks? By Ben Bergman http://www.scpr.org/news/2016/06/06/61382/in-this-sizzling-hot-real-estate-market-should-a-d/   Despite a sizzling hot real estate market in downtown Los Angeles, the L.A. City Council has voted to give almost $200 million worth of loans and tax…

Orange County Register 06/24/16 As Britain Votes to Leave EU, Will There Be Ripples, or More, from Across the Pond? By Rachel Uranga http://www.ocregister.com/articles/california-720540-see-dollar.html   Britain’s exit from the European Union shocked markets, reshuffled alliances and created a new political reality that experts say will be felt in Southern California…   …Another industry likely to…

Los Angeles Business Journal 06/24/16 AEG Drops Planned LA Live Hotel Expansion By Daina Beth Solomon http://labusinessjournal.com/news/2016/jun/24/aeg-drops-planned-la-live-hotel-expansion/   Anschutz Entertainment Group is abandoning plans to build a 755-room hotel next to its Ritz-Carlton and J.W. Marriott tower at downtown’s L.A. Live. The move comes as AEG claims that a planned 1,000-room hotel to be developed…

Orange County Business Journal 06/13/16 Surge of Hotel Development More Than 7,000 Rooms Proposed in Four Cities By Mark Mueller http://www.ocbj.com/news/2016/jun/13/surge-hotel-development/   The four Orange County cities with the heaviest volume of hotel construction are seeing a divergence in the type of properties being built there and the sorts of guests the hotels will target.…

Orange County Business Journal 06/13/16 Indies Rock Hotel Owners Trade Big Brands for Local Focus By Paul Hughes http://www.ocbj.com/news/2016/jun/13/indies-rock/   A range of Orange County hotels are declaring independence, testing the potential and limits of a hot hotel market and foregoing the regular business a brand can bring…   …The brand-to-indie trend comes in cycles,…

Voice of OC 06/09/16 Disneyland Asking for Largest Hotel Tax Subsidy in Anaheim History By Adam Elmahrek http://voiceofoc.org/2016/06/disneylands-recent-hotel-tax-subsidy-request-is-largest-in-anaheim-history/#   When Disneyland officials unveiled plans this week for a massive new luxury hotel in Anaheim, they also applied for a room-tax subsidy worth well over $200 million, which would be the largest hotel tax subsidy in…

Silicon Valley Business Journal 06/10/16 San Jose in Deal to Sell Hayes Mansion for $47 Million By Nathan Donato-Weinstein http://www.bizjournals.com/sanjose/news/2016/06/10/san-jose-in-deal-to-sell-hayes-mansion-for-47.html   With its handsome 1905 Mediterranean Revival main building, San Jose’s historic Hayes Mansion hotel and conference center looks like a million bucks. Unfortunately, it sucks much more than that every year out of the…

Los Angeles Times 06/01/16 Once a Den of Prostitution and Drugs, the Cecil Hotel in Downtown L.A. Is Set to Undergo a $100-Million Renovation By Andrew Khouri http://www.latimes.com/business/la-fi-cecil-hotel-20160601-snap-story.html   The Cecil Hotel in downtown Los Angeles is set to undergo a $100-million renovation by a New York City developer, which aims to transform the former…

Orange County Register 05/25/15 Rooms with a Surf City View: Paséa Hotel & Spa Debuts Thursday By Hannah Madans http://www.ocregister.com/articles/rooms-717182-hotel-pasea.html   Just in time for Memorial Day weekend, the Paséa Hotel & Spa will have a soft opening Thursday, ahead of its grand opening June 10. The property, which sits across PCH from the iconic…

Los Angeles Business Journal 05/23/16 Co-Living Firm Squeezes ’Em In HOSPITALITY: PodShare hopes tight space stacks up as business. By Daina Beth Solomon http://www.labusinessjournal.com/news/2016/may/23/co-living-firm-squeezes-em/   Thrifty travelers to Los Angeles now have more options than bunk beds in grim Hollywood hostels or spartan rooms rented through Airbnb. They can sleep in a pod. At Elvina…

Los Angeles Business Journal 05/16/16 Making Room SBE’s Sam Nazarian welcomes Morgans’ boutique hotel trio to hospitality empire By Daina Beth Solomon http://www.labusinessjournal.com/news/2016/may/16/making-room/   Hotel mogul Sam Nazarian is buying a boutique hotel group in a deal that could bolster his reputation as king of chic nightlife. Nazarian’s SBE Entertainment Group, based in Mid-Wilshire, has…