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Big San Jose hotel gets finance boosts from lender as occupancy rises
By Atlas Hospitality |
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…
Read More San Francisco waiting for RevPAR, occupancy recovery
By Atlas Hospitality |
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…
Read More San Francisco waiting for RevPAR, occupancy recovery
By Atlas Hospitality |
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…
Read More Relevant Group seeks partner for Hollywood hotel project
By Atlas Hospitality |
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…
Read More Rooms On the Way: Smaller Projects Gain Favor
By Atlas Hospitality |
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…
Read More Cambria hotels in Napa, Sonoma counties lost in $80 million foreclosure
By Atlas Hospitality |
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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