Investment Group Buys Anaheim’s Magnolia Tree Hotel

40-Room Hospitality Property Trades for $8.7 Million https://www.costar.com/article/952104038/investment-group-buys-anaheims-magnolia-tree-hotel By Allan Harrington August 2, 2022 | 1:09 P.M. R & K Investment Group acquired the 40-room Magnolia Tree Hotel at 2176 S. Harbor Blvd. in Anaheim, California, for $8.7 million, or $217,500 per door, from a San Francisco-based private owner. Renovated in 2003, the two-story, 15,288-square-foot hospitality property...

Blackstone sells Motel 6 inns for $40.3M

Deals in South Bay part of private equity firm’s larger divestiture San Francisco / July 12, 2022 10:30 AM TRD Staff https://therealdeal.com/sanfrancisco/2022/07/12/blackstone-sells-motel-6-inns-for-40-3m/ Blackstone Group has unloaded four Motel 6 properties in the South Bay for $40.3 million to buyers who will still leave the lights on for you. A hotel affiliate controlled by the New York-based private equity firm...

Here’s which of 80 planned California Wine Country hotel projects are in construction

CHERYL SARFATY THE NORTH BAY BUSINESS JOURNAL July 21, 2022 https://www.northbaybusinessjournal.com/article/article/heres-which-of-80-planned-california-wine-country-hotel-projects-are-in-co/ It was just a year ago when hotel construction was flourishing across California, but six months into 2022 paints a different picture. By the end of 2021, there were 121 hotels under construction across the state, with more than 15,000 rooms planned, according to...