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California hotel openings hit lowest point in years
By Atlas Hospitality |
Atlas Hospitality survey reports 35 new hotels in 2024 By Bryan Wroten | Hotel News Now | January 15, 2025 | 6:23 AM California hotel development reached its lowest point in about 10 years in 2024. Atlas Hospitality Group’s California Hotel Development Survey 2024 Year-End found 35 hotels opened last year, a 34% year-over-year drop in…
Read More California and Bay Area hotel development flops as market nosedives
By Atlas Hospitality |
Inflation and interest rates hobble hotel projects By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: January 15, 2025 at 4:18 AM PST SAN JOSE — Hotel development nosedived in California and the Bay Area in 2024, fresh evidence the statewide lodging market may still be affected by economic conditions following a global pandemic, a new report shows. Atlas Hospitality…
Read More Cupertino hotel near famed Apple office hub lurches into loan default
By Atlas Hospitality |
Hotel faces foreclosure due to delinquent loan By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: January 8, 2025 at 10:42 AM PST CUPERTINO — A South Bay hotel with a trendy design and a prime location near a famed Apple office hub has lurched into a loan default, a grim reminder of the weakness in the Bay…
Read More Orange County hotel deal ranks among California’s largest of 2024 as buying climate improves
By Atlas Hospitality |
Utah investment firm acquires two Anaheim properties for more than $200 million By Lou Hirsh | CoStar News | December 24, 2024 | 12:14 P.M. An investor has snapped up two Anaheim hotels in California’s largest hospitality sales deal of 2024, the latest sign of a potential nationwide rebound in such transactions in the coming year.…
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Sheraton San Diego Hotel & Marina Finishes $100M+ Reno REAL ESTATE: Upgraded Rooms, Pool Area, Meeting Space, Lobby, New Restaurants By Donald Bloodworth – December 19, 2024 SAN DIEGO – More than $100 million went into updating the Sheraton San Diego Hotel & Marina in a newly finished renovation billed as a transformation that “redefines…
Read More Hotel industry experts say Fed’s latest rate cut won’t help US hotels much
By Atlas Hospitality |
Lowered projections for cuts in 2025 a cause for concern By Bryan WrotenHotel News NowDecember 19, 2024 | 7:16 AM The Federal Reserve’s decision to cut the federal funds rate a further 25 basis points will lower the cost of capital. But even when combined with the two previous cuts from this year, hotel industry…
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