CA License #01216856
The San Diego Union-Tribune 08/17/15 California Hotel Sales Hit a New Record By Lori Weisberg http://www.sandiegouniontribune.com/news/2015/aug/17/california-hotel-sales-new-record-first-half-2015/ The hotel industry is indisputably back from the depths of the recession, with sales of California lodging properties during the first half of this year surpassing all previous records. There were more than $4.4 billion in sales transactions in…
The Orange County Register 08/07/15 Hot Properties: Investors Snap Up California Hotels with Record Spending By Jonathan Lansner http://www.ocregister.com/lansner/year-678002-hotels-california.html Investors are paying record amounts for California hotels with spending on pace to exceed any previous year. Atlas Hospitality Group of Irvine reports a record $4.4 billion was spent for 174 California hotels in the first…
The Daily Transcript 08/14/15 Record Hotel Room Revenues Here, Elsewhere By Thor Kamban Biberman http://www.sddt.com/News/article.cfm?SourceCode=20150814czc&_t=Record+hotel+room+revenues+here+elsewhere The mid-year average price per hotel room increased by more than 43 percent year over year, according to an Atlas Hospitality Group report. The average price-per-room figure climbed in San Diego by 43.25 percent from $133,791 at mid-2014 to $191,663…
San Diego Business Journal 08/06/15 High-End Hotel Properties Up Ante on Luxury TRAVEL: Downtown Arrivals May Pressure Others Into Renovations By Lou Hirsh http://www.sdbj.com/news/2015/aug/06/high-end-hotel-properties-ante-luxury/ Luxury hoteliers appear to be reaping the biggest returns in a healthy local and national tourism economy, and observers say the roster of new hotels on tap for downtown San Diego…
Orange County Business Journal 08/13/15 $749M in Hotel Sales in First Half of 2015 By Paul Hughes http://www.ocbj.com/news/2015/aug/13/749m-hotel-deals-first-half-2015 Eleven Orange County hotels sold for a total of $749 million in the first half of 2015, according to Irvine-based Atlas Hospitality Group’s mid-year survey of hotel sales. The 11 hotels sold is down by three hotels…
HotelNewsNow 08/14/15 California Sets Records in Dollar Transaction Volumes http://www.hotelnewsnow.com/article/16472 California sets records in dollar transaction volumes: The “2015 Mid-year California hotel sales survey” from Atlas Hospitality Group has revealed that hotels are shining in the Golden State, with the total dollar amount of hotel sales in its first six months of this year being…
Sacramento Business Journal 08/11/15 What Beverly Hills Investment Firm Might Do After Buying Sacramento’s Citizen Hotel By Mark Anderson http://www.bizjournals.com/sacramento/news/2015/08/11/what-beverly-hills-investment-firm-might-do-after.html A Beverly Hills-based investment firm is buying the boutique Citizen Hotel in downtown Sacramento. The move could signal upgrades are coming for the landmark property. The hotel is being sold by Cal West Partners, a…
Silicon Valley Business Journal 08/10/15 Millennium Hotel, a Flashy Full-Service Brand, Sets Sights on Sunnyvale — Again By Nathan Donato-Weinstein http://www.bizjournals.com/sanjose/news/2015/08/10/millennium-hotel-a-flashy-full-service-brand-sets.html Nearly 10 years ago, Sunnyvale’s sprawling Four Points Sheraton came tumbling down, with Silicon Valley poised to get a feather in its cap for a replacement: Northern California’s first Millennium Hotel, a swanky…
Orange County Business Journal 07/20/15 http://www.ocbj.com/news/2015/jul/20/oc-hotel-market-stays-hot-1262m-deal The 485-room Irvine Marriott Hotel at the Irvine Towers office complex near John Wayne Airport has been sold to a Los Angeles-based institutional investor. An investment affiliate of L.A.-based brokerage CBRE Group Inc. recently closed on the purchase of the 16-story hotel, which runs along the San Diego…
07/17/15 Silicon Valley Business Journal By Nathan Donato-Weinstein http://www.bizjournals.com/sanjose/news/2015/07/17/hotel-los-gatos-bankruptcy-deal-in-works-to-sell.html Delays and false starts may have been a good thing in the on-again, off-again sale of Hotel Los Gatos. More than four years after the upscale 72-room hotel filed for bankruptcy, a buyer finally appears to be in sight — and at a higher price than…
Real Estate Alert 07/01/15 Hotel owners in the Silicon Valley area have responded to strong investor demand by offering nearly a half-dozen properties in recent weeks. Investors have shown that they’re eager to snap up properties in Silicon Valley and the greater San Francisco Bay Area, where hotels have posted substantial gains in revenue and…
Silicon Valley Business Journal 03/27/15 Record Room Prices Tempt Developers into Hotel Construction By Nathan Donato-Weinstein http://www.bizjournals.com/sanjose/print-edition/2015/03/27/record-room-prices-tempt-developers-into-hotel.html Working late into the night during a Mountain View City Council meeting last June, hotel consultant Maurice Robinson missed his flight back to Los Angeles. No worries, he figured. There’s always a place to stay. But as he…