Posts by WAW
L.A. Rising: Burbank
BY: HANNAH MADANS WELK | FEBRUARY 28, 2022 https://labusinessjournal.com/special-reports/l-a-rising-burbank/ Numerous projects are either under construction or in development in Burbank. Part of the Tri-Cities market, Burbank is a media and entertainment capital, counting Walt Disney Co., ViacomCBS and Warner Bros. among its employers, that has drawn more companies and prospective tenants to the area in…
Read MoreHyatt-branded Kissel Uptown Oakland hotel opens downtown
Building includes recreation of 1910s architecture formerly on the site San Francisco / March 07, 2022 01:30 PM TRD Staff https://therealdeal.com/sanfrancisco/2022/03/07/hyatt-branded-kissel-uptown-oakland-hotel-opens-downtown/ A Hyatt-branded hotel opened in downtown Oakland, hoping to take advantage of more travelers as the pandemic eases and more people return to the office. The 168-room Kissel Uptown Oakland at 2455 Broadway includes a recreation of the…
Read MoreDowntown Oakland Adding Two Marriott Brands
By: Jason Middleton California + Bay Area + Hospitality | March 11, 2022 https://www.connectcre.com/stories/downtown-oakland-adding-two-marriott-brands/ One hotel enters; two brands emerge. Two new Marriott-branded hotels are slated to open in downtown Oakland later this year. Expected to add 276 new rooms, the 18-story hotel at the corner of Jefferson and 15th streets, first reported by the Mercury News. Hawkins Way Capital bought…
Read MoreNew hotel and apartment building with rooftop lounge now open in Uptown Oakland
By Wesley Severson – Published on March 11, 2022. https://hoodline.com/2022/03/new-hotel-and-apartment-building-with-rooftop-lounge-now-open-in-uptown/ A new hotel and apartment complex with a rooftop lounge is now open for guests and renters in Oakland’s Uptown District, at 2455 Broadway. The 168-room hotel portion of Kissel Uptown Oakland is operated by Hyatt as part of its Unbound Collection of lodging establishments. The 74-unit apartment portion…
Read MoreLA Hotels Sales Spike in 2021, Bookings Still Recovering
BY: HANNAH MADANS WELK | MARCH 7, 2022 https://labusinessjournal.com/real-estate/large-number-of-l-a-hotels-sold-in-2021/ Hotel sales spiked in 2021 even as room bookings failed to hit pre-pandemic levels. In L.A. County, hotel transactions increased 26.2% from 61 to 77. Total dollar volume, meanwhile, rose a staggering 145.5% to $1.9 billion, the highest of any county in California, according to data…
Read MoreBig San Jose hotel sets early April reopening, ends one-year shutdown
Owner of Signia by Hilton hotel in San Jose says early April date is “firm” By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: March 14, 2022 at 8:30 a.m. | UPDATED: March 14, 2022 at 4:26 p.m. SAN JOSE — A big hotel in downtown San Jose that’s been closed for about a year has set a “firm date”…
Read MoreHotel openings blossom in Bay Area amid COVID lodging recovery
Six hotels are bringing about 1,800 rooms to four Bay Area cities By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: March 17, 2022 at 9:50 a.m. | UPDATED: March 18, 2022 at 3:49 a.m. https://www.mercurynews.com/2022/03/17/hotel-silicon-valley-bay-area-covid-real-estate-economy-tech-recover/ SAN JOSE — A burst of hotel openings in Santa Clara County and the East Bay points to widening confidence that the Bay Area…
Read MoreLodging leaders discuss California’s comeback at CLIC
By Donald Morrison | Mar 18, 2022 07:29am https://www.hotelmanagement.net/operate/lodging-leaders-discuss-californias-comeback-clic ANAHEIM, CALIF. – Market recovery, inflation and high construction costs in a post-pandemic world were three of the hot topics discussed by lodging industry leaders at this year’s recent California Lodging Investment Conference. The fifth annual CLIC event was held in-person for the first time in two…
Read MoreThe Line Gets $100M Loan
BY: HANNAH MADANS WELK | MARCH 28, 2022 https://labusinessjournal.com/tourism/hotels/the-line-gets-100m-loan/ The Line LA, a popular hotel in Koreatown, has received a $100 million loan. The Line is a 384-room hospitality property at 3515 Wilshire Blvd. Institutional Property Advisors, a division of Marcus & Millichap’s Jordan Ray, Steven Buchwald, Jamie Matheny and Lexington Henn arranged the financing…
Read MoreHotel-To-Industrial Demolition Plan ShowsStrength Of Demand For Warehouses
June 13, 2022 | Bianca Barragan, Bisnow Southern California https://www.bisnow.com/los-angeles/news/industrial/hotel-to-industrial-conversion-hotel-fullerton-rexford-113391 Rexford Industrial (https://www.bisnow.com/tags/rexford-industrial) spent$45M to buy the Hotel Fullerton (https://www.bisnow.com/tags/hotelfullerton), a 1960s-era property on 7 acres just off the 91 Freeway inFullerton, but Rexford isn’t getting into the hotel business. Instead, the deal offers yet another sign of developers getting creative to find opportunities to…
Read MoreTrinity, Oaktree Capital Buy Luxury Southern California Resort Hotel From Hyatt
Sale Points to Rebound for Coachella Valley Hospitality Industry After Two Years of Pandemic By Randyl Drummer | CoStar News April 5, 2022 | 3:49 P.M. https://www.costar.com/article/1084862773/trinity-oaktree-capital-buy-luxury-southern-california-resort-hotel-from-hyatt The Hyatt Regency Indian Wells Resort & Spa near Palm Springs, California, has been sold, the second sale of a large Coachella Valley resort hotel since December as the…
Read MoreOpening of big San Jose hotel is delayed a few weeks to late April
Long-time San Jose hotel is reopening with new operator, manager By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: April 11, 2022 at 10:11 a.m. | UPDATED: April 12, 2022 at 7:25 a.m. https://www.mercurynews.com/2022/04/11/open-big-san-jose-hotel-delay-late-april-real-estate-covid-economy/ SAN JOSE — The reopening of a big downtown San Jose hotel is now slated for late April, a delay of a few weeks triggered by…
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