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Big San Jose hotel gets finance boosts from lender as occupancy rises

Hotel shows upswing in guests after $60 million revamp By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: September 28, 2023 at 5:30 a.m. | UPDATED: September 28, 2023 at 1:59 p.m. SAN JOSE — A big hotel in San Jose has received financial boosts from its lender this year, hopeful indicators that the lodging facility has begun to recover…
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San Francisco waiting for RevPAR, occupancy recovery

By Alicia Hoisington Sep 19, 2023 02:07pm San Francisco offers a diverse set of demand generators, such as popular tourist attractions like the Golden Gate Bridge, Fisherman’s Wharf and more. But the market has been slow to recover to pre-pandemic performance levels. That, paired with other financial factors, makes the outlook for the city’s hotel market…
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San Francisco waiting for RevPAR, occupancy recovery

By Alicia HoisingtonSep 19, 2023 02:07pm San Francisco offers a diverse set of demand generators, such as popular tourist attractions like the Golden Gate Bridge, Fisherman’s Wharf and more. But the market has been slow to recover to pre-pandemic performance levels. That, paired with other financial factors, makes the outlook for the city’s hotel market a…
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Relevant Group seeks partner for Hollywood hotel project

Schrader Boulevard site has entitlements 203-key hotel SEP 13, 2023, 4:34 PM By Isabella Farr Relevant Group is looking for a joint venture partner in a fully entitled hotel site in Hollywood, The Real Deal has learned.  Relevant has hired Cushman & Wakefield to market the Schrader hotel project to potential investors, according to marketing materials for the…
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Rooms On the Way: Smaller Projects Gain Favor

Home Away From Home BY GINA HALL | SEPTEMBER 11, 2023 Increased construction costs and high interest rates are taking a toll on hotel construction in Los Angeles and the rest of the state.  Los Angeles County still leads California in building new lodging, with 21 hotels and 2,329 rooms under construction the first half…
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Cambria hotels in Napa, Sonoma counties lost in $80 million foreclosure

Jennifer Huffman | Sep 6, 2023 Updated 8 hrs ago The 90-room Cambria Hotel Napa Valley, which opened in 2021 after three years of construction, has been officially lost to foreclosure. The Cambria’s developer, Stratus Development of Irvine, no longer owns the Soscol Avenue property. That foreclosure also includes a Cambria hotel in Rohnert Park, in Sonoma County.…
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