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NYC’s hotel labor deal leaves owners with few easy moves By Nellie Day Jun 10, 2026 8:00am What happens when hotel labor costs outrun the operating model? Whether theoretical or practical, this is a question many unionized New York City-based hotels are grappling with after a new eight-year labor agreement covering nearly 250 hotels raised the floor for non-tipped…
Kalthia Group buys another San Jose hotel as Bay Area lodging market navigates defaults, foreclosures Hotel construction in region slows as fundamentals scare off developers Jun 3, 2026, 4:00 PM PDT By TRD Staff Kalthia Group Hotels is continuing its San Jose hotel-buying spree with another acquisition on the north side of town. The San…
$200M loan would repay existing $182M debt maturing in May May 6, 2026, 8:00 AM PDT By Alena Botros The Mayer Corporation and Hyatt Corporation are close to a $200 million refinancing of an oceanfront hotel located in Huntington Beach, according to a S&P Global report. The current loan on the Hyatt Regency Huntington Beach Resort…
Bay Area lodging market in freefall as loan defaults, plummeting property values plague region Apr 2, 2026, 1:00 PM PDT By TRD Staff As loan defaults and foreclosures plague hotels across the East Bay, two lodging properties in the area have new owners after foreclosing last year. Hyatt House Pleasant Hill at 2611 Contra Costa Boulevard in…
Two hotels tumble into default By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: March 24, 2026 at 8:44 AM PDT | UPDATED: March 27, 2026 at 5:40 PM PDT Loan failures have jolted two hotels in Santa Clara County, defaults that offer evidence a forbidding landscape still confronts the Bay Area hotel market. Wild Palms Hotel in Sunnyvale and…
Foreclosed East Bay Hotels Are Auctioned at Bargain Basement Prices George Avalos, Bay Area News Group Two hotels in the East Bay have been auctioned off at ultra-low prices that suggest the region’s lodging market remains frail six years after the coronavirus catastrophe. To be sure, Bay Area hotel values have nosedived in recent years. Even so,…
Hospitality: Luxury Styles Although demand for hotel rooms in Los Angeles County is mounting, construction is increasingly limited to premium, less affordable options. By Gina Hall | March 30, 2026 Los Angeles is preparing to host this year’s FIFA World Cup, the 2027 NFL Super Bowl and the 2028 Olympic and Paralympic Summer Games. Yet…
Santa Clara Investor Group Acquires 112-Room Hyatt Place Newark/Silicon Valley for $19.8MM The Registry May 8, 2026 Ashok Goyal’s buying group acquired the 2023-built hotel at $176,300 per room — well below the $25.8 million debt the lender took back at foreclosure last fall and a 52 percent discount to the property’s May 2025 appraised…
East Bay hotel finds buyer after foreclosure in region’s latest distressed lodging sale $20M sale represents less than half of property’s assessed value Another week, another distressed hotel sale in the Bay Area. A group led by Santa Clara-based investor Ashok Goyal bought the 112-room Hyatt Place Newark/Silicon Valley hotel in Newark for nearly $19.8…
Newark hotel lands local buyer in wake of foreclosure New ownership group has extensive hotel sector experience By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: May 7, 2026 at 5:00 AM PDT | UPDATED: May 7, 2026 at 2:22 PM PDT NEWARK — A Newark hotel that flopped into foreclosure last fall was bought by a local investor with…
Mayer, Hyatt near refi deal on oceanfront hotel in OC $200M loan would repay existing $182M debt maturing in May May 6, 2026, 8:00 AM PDT | By Alena Botros The Mayer Corporation and Hyatt Corporation are close to a $200 million refinancing of an oceanfront hotel located in Huntington Beach, according to a S&P Global…
Hospitality: Luxury Styles Although demand for hotel rooms in Los Angeles County is mounting, construction is increasingly limited to premium, less affordable options. By Gina Hall | March 30, 2026 Los Angeles is preparing to host this year’s FIFA World Cup, the 2027 NFL Super Bowl and the 2028 Olympic and Paralympic Summer Games. Yet…
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.