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Residence Inn sells for $28M in East Bay
By Atlas |
Transaction aligns with declining hotel room values San Francisco / September 16, 2022 08:30 AMBy Pawan Naidu | Research By Christian Bautista and Caysey Welton Hotels aren’t worth what they used to be, but they’re still worth a lot. A Residence Inn hotel in an East Bay suburb sold for $28.5 million, or $226,000 per room, according to public records. Despite the somewhat…
Read More Bay Area hotel purchases slump amid inflation, price uncertainty
By Atlas |
Hotel purchases show weakness during first half of 2022 By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: September 12, 2022 at 1:30 p.m. | UPDATED: September 13, 2022 at 4:56 a.m. The Bay Area market for hotel purchases slumped during the first half of 2022 compared to the same period the year before amid inflation woes and fast-rising interest…
Read More Analysts Make Case for Optimism on Hotel Performance for Rest of Year (skift.com)
By Atlas |
Sean O’Neill, Skift September 9th, 2022 at 2:00 AM EDT Skift Take Talk of inflation has soured some people on the prospects for hotels for the rest of the year. But some analysts, such as CBRE and Truist, have upgraded their views. Plus, Asia’s recovery and other news items. — Sean O’Neill Sunday, Sept. 4 After a record-breaking…
Read More After Slowdown in Property Sales, ‘Repricing’ Becomes This Summer’s Dreaded Word
By Atlas |
Rising Interest Rates, Other Economic Challenges Plague Commercial Real Estate Nationally Waterbridge Capital struck a deal to buy Union Bank Plaza in Los Angeles for $155 million after another buyer backed off a higher-priced acquisition of the 40-story office tower amid rising interest rates. (Jeremiah Unruh/CoStar) By Ryan Ori | CoStar NewsAugust 23, 2022 | 10:53…
Read More Atlas Report Shines Spotlight on Hotel Sales in California
By Atlas |
HOSPITALITY: Hotel Transactions Cooling Off in 2022 BY KAREN PEARLMAN | SEPTEMBER 2, 2022 After a record-breaking 2021 for hotel sales in California, including the highest number of individual hotel sales and total dollar volume sales in San Diego County, hotel transactions have cooled off in the state and region in the first six months…
Read More California hotel buyers’ price per room goes up, deals down
By Atlas |
Focus shifts to luxury properties even as cost for capital climbs Los Angeles Archive / August 18, 2022 02:30 PMBy Isabella Farr If you’re looking to buy a hotel in California, expect to pay a record median price per room. The median price for a hotel per room hit $143,400 in the first half of this year — up 13…
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