Fairmont Hotel in downtown San Jose files for bankruptcy

Upscale, iconic Fairmont in downtown San Jose closes doors — but will reopen within a few months https://www.eastbaytimes.com/2021/03/05/fairmont-hotel-downtown-san-jose-bankruptcy-covid-real-estate/ By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: March 5, 2021 at 4:18 p.m. | UPDATED: March 8, 2021 at 5:50 a.m. SAN JOSE — The Fairmont Hotel, a landmark in downtown San Jose, filed for bankruptcy on Friday...

Impact of pandemic on hotels to be felt for years

Monday, February 1, 2021 By Thor Kamban Biberman Like many industries throughout the world, the COVID-19 pandemic has dealt an enormous blow to the hotel industry, as noted by Atlas Hospitality Group president Alan Reay. One of the hardest hit firms has been Sunstone Hotel Investors. The Irvine-based firm lost $92.49 million in the third...

Irvine Company’s 1,700 layoffs mostly hit staff at 3 hotels, resorts

https://therealdeal.com/la/2020/10/07/irvine-companys-1700-layoffs-mostly-hit-staff-at-3-hotels-resorts/ Among those were workers at Donald Bren-led firm’s shuttered Hotel Irvine and Fashion Island Hotel TRD LOS ANGELES / October 07, 2020 03:37 PM By Matthew Blake Real estate investment and development juggernaut Irvine Company has laid off 1,700 employees since the coronavirus took hold, with most of those cuts affecting workers at three hotels and resorts in Orange...