CA License #01216856
By Alex Barreira – Staff Reporter, San Francisco Business Times Jul 29, 2024 | Updated Jul 29, 2024 2:24pm PDT Bay Area hotel production has come to a virtual halt in 2024 with just two properties opening up across the region’s nine counties through the first six months of the year. The latest hotel production survey from Irvine-based…
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…
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…
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…
https://www.ocregister.com/2020/10/01/dana-points-monarch-beach-resort-joins-waldorf-astoria-chain/ New owner switches hotel from independent status By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: October 1, 2020 at 12:01 p.m. | UPDATED: October 1, 2020 at 12:42 p.m. The Monarch Beach Resort will once again be part of a luxury hotel chain. The 400-room, five-diamond hotel in Dana Point announced it’s joining with Hilton to manage and market…
Orange County Business Journal 02/19/16 OC Hotel Development Rising By Paul Hughes http://www.ocbj.com/news/2016/feb/19/oc-hotel-development-rising/ Orange County had 37 hotels with 6,705 rooms under construction or in planning at the end of 2015, a report by Irvine-based Atlas Hospitality Group Inc. said. The hotel consultancy and brokerage said 12 hotels with 2,461 rooms were under construction…
Voice of OC 06/30/15 By Adam Elmahrek http://voiceofoc.org/2015/06/does-the-argument-behind-anaheims-luxury-hotel-tax-subsidy-plan-hold-water/ Earlier this month, in the latest iteration of hotel subsidies in Anaheim, the City Council majority approved a policy that calls for the city to kick back 70 percent of room-tax revenue to developers of luxury hotels based on the premise that high-end hotels generate more…
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.