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Lender reports no interest in owning hotel tower long-term By GEORGE AVALOS | gavalos@comgavalos@bayareanewsgroup.com Area | Bay AreaNews GroupNews Group UPDATED: July PDTJuly 31, 2025 at 11:29 AM PDT SAN JOSE — Signia by Hilton San Jose, which was foreclosed due to a failed real estate loan, could be back on the sales block as…
By Thor Kamban Biberman The largest hotel sale during the first half of the year in three separate counties (Los Angeles, Alameda and Santa Clara) were all lender foreclosure sales. By contrast, San Diego didn’t have any foreclosures and it didn’t have any identified defaults, according to a new report from Atlas Hospitality Group. The…
Three major hotel sales in California were spawned by foreclosure proceedings By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: July 31, 2025 at 4:36 AM PDT Foreclosures and failed property loans this year have made an impact on hotel purchase deals in both the Bay Area and California, a new report shows. Weakening values have also caused…
July 30, 2025 Transaction volume declines while dollar values rise amid continued buyer-seller disconnect California’s hotel sales market presented a complex and often contradictory picture in the first half of 2025, with fewer transactions but higher total dollar volumes driven significantly by distressed property sales, according to Atlas Hospitality Group’s comprehensive mid-year survey released this…
Los AngelesHotel | July 29, 2025 | 1:16 p.m. ET Bianca Barragán, Southern California The Line LA hotel on Wilshire Boulevard in Koreatown. Corten Real Estate Partners purchased The Line Hotel in Koreatown last month, marking Los Angeles County’s largest hotel sale of the year. Corten paid $68M for the 390-room hotel following the February default…
Today’s headlines: Lower-income travel demand shows signs of life; A look at how hotel rooms have evolved to maximize profit; What lagging leisure demand means going forward; Hotel sales volume drops in California; Costs of tariffs coming into focus. Hotel brand companies that cater to lower-income guests are reporting resiliency among this traveler demographic this…
The largest transaction in 1H25 in Los Angeles County was the $68 million foreclosure sale of the The Line LA. By Rob Schneider | July 29, 2025 Lender foreclosure sales dominated California’s deal flow in the first half, which helps create bid-ask spread issues elsewhere. NATIONAL REPORT — Individual hotel sales in California were down 7.4% in the…
Foreclosure sales prop up dollar volume The Signia by Hilton San Jose sold in May for $80 million at a foreclosure auction. (Hilton) By Bryan Wroten | CoStar News | July 29, 2025 | 7:21 AM The number of hotels sold in California during the first half of 2025 dropped by 7.4% year over year, a…
Atlas Hospitality Group, a real estate brokerage that tracks the hotel industry, reported 36 new openings statewide so far this year. The biggest hotel that has come online was in development for nearly 25 years. California has seen 36 hotels open as of June 2025, a 64% increase over all of 2024, according to a…
After several years of subdued activity, California’s hotel development market is showing renewed momentum in 2025, highlighted by a surge in new openings and a major milestone in hospitality construction. According to a mid-year report from Atlas Hospitality Group, 36 hotels opened in the first half of 2025, up 64 percent from the same period…
By Rob Schneider & Jeffrey Weinstein | July 14, 2025 Experts say there are great deals in the Bay Area, but they will require patience as the market makes its years-long recovery. SAN FRANCISCO — With several notable defaults, sales and foreclosures in the Bay Area over the past year, hotel investors are asking when values will bottom out and…
New Gaylord Pacific Resort boosts room openings count With 1,600 keys, the Gaylord Pacific Resort & Convention Center in Chula Vista is the largest hotel to open in California during the first half of the year. (CoStar) By Bryan Wroten | CoStar News | July 11, 2025 | 6:38 AM The number of hotel openings in…
Atlas Hospitality Group, which specializes in the sale of California hotels, was founded by Alan X. Reay in 1997. Since its inception, Atlas has sold more hotels in the state than any other brokerage firm.