Sold

The North Bay is not immune, but also is home to one growing segment of the industry unaffected by financing costs. CHERYL SARFATY | THE NORTH BAY BUSINESS JOURNAL January 20, 2025, 7:32PM | Updated 47 minutes ago 90 local hotel projects on the drawing board Napa County (35 projects): 22 in Napa; seven in St.…

Rising costs, high interest rates and reduced lending have reduced hotel construction and planning By Vishnu Rageev R – January 20, 2025 CALIFORNIA’S HOTEL DEVELOPMENT hit a decade-low in 2024, with just 35 new hotels and 3,798 rooms added, according to Atlas Hospitality Group. This marks a 34 percent drop in hotel openings and a nearly 40…

January 14, 2025 The year 2024 was a transformative one for California’s hotel industry, defined by a mix of contraction and resilience, according to the latest California Hotel Development Survey by Atlas Hospitality Group. While the number of new hotel openings declined sharply, several regions demonstrated their long-term commitment to hospitality growth, with major projects…

Openings dropped 34% in 2024, with only three new hotels in nine-county Bay Area. By Jack Rogers| January 17, 2025 at 07:08 AM Hotel development has plunged across California for 2024, with the lowest total of new hotels and rooms delivered to The Golden State since 2014. Only 35 new hotels were delivered last year, a…

By Alex Barreira – Staff Reporter, San Francisco Business Times | Jan 15, 2025 New hotel development fell sharply across California in 2024, particularly in the Bay Area. A year-end survey released this week from lodging consultancy Atlas Hospitality counted just four new hotels across the nine-county Bay Area opening in 2024, down from 12 new hotels…

Development pipeline dries up as 75% fewer properties opened last year in region Jan 15, 2025, 6:41 PM By TRD Staff Development of hotels across the Bay Area and California appears stuck between floors. Last year, builders of hotels across the nine-county region opened just three hotels, a plunge of 75 percent from the 12…