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Hotel Industry Sees Record High Openings

BYHANNAH MADANS WELK FEBRUARY 14, 2022 https://labusinessjournal.com/special-reports/hotel-industry-sees-record-high-openings/ Pandemic-related travel restrictions are still being observed in many places, but you wouldn’t know it based on the number of hotel rooms that opened in the Golden State last year. In 2021, California set a record for the number of hotel rooms to open in a year, with…
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San Diego Hotels Sold as California Investment Climate Gets More Hospitable

Orange County Investor Buys Two Properties in $72 Million Deal By Lou Hirsh | CoStar News February 11, 2022 | 2:44 P.M. https://product.costar.com/home/news/shared/24528047?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p9&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIxOTgzMzU2IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTY0NDg1MDEwNX0.ereO77EpmDRczmbj-TLkn_KnVw-BNlS13Wt-IaqouW0 Two hotels with nearly 300 combined rooms in San Diego’s Old Town neighborhood were sold for $72 million as hospitality property values have been rising across the state amid an improving tourism economy. Investor MIG…
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Bay Area hotel buying binge sprouts, puts COVID in “rear-view mirror”

Investors launch shopping spree for Bay Area, California hotels By: GEORGE AVALOSGEORGE AVALOS | gavalos@comgavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: February 11, 2022 at 10:30 a.m. | UPDATED: February 14, 2022 at 2:39 p.m. https://www.mercurynews.com/2022/02/11/bay-area-hotel-buy-binge-covid-rear-view-mirror-economy-real-estate/ California’s the California’s hotel market experienced a boom year for sales activity, a surge that included the Bay and…
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L.A. Rising: Burbank

BY:   HANNAH MADANS WELK | FEBRUARY 28, 2022 https://labusinessjournal.com/special-reports/l-a-rising-burbank/ Numerous projects are either under construction or in development in Burbank. Part of the Tri-Cities market, Burbank is a media and entertainment capital, counting Walt Disney Co., ViacomCBS and Warner Bros. among its employers, that has drawn more companies and prospective tenants to the area in…
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Hyatt-branded Kissel Uptown Oakland hotel opens downtown

Building includes recreation of 1910s architecture formerly on the site San Francisco / March 07, 2022 01:30 PM TRD Staff https://therealdeal.com/sanfrancisco/2022/03/07/hyatt-branded-kissel-uptown-oakland-hotel-opens-downtown/ A Hyatt-branded hotel opened in downtown Oakland, hoping to take advantage of more travelers as the pandemic eases and more people return to the office. The 168-room Kissel Uptown Oakland at 2455 Broadway includes a recreation of the…
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Downtown Oakland Adding Two Marriott Brands

By: Jason Middleton California + Bay Area + Hospitality | March 11, 2022 https://www.connectcre.com/stories/downtown-oakland-adding-two-marriott-brands/ One hotel enters; two brands emerge. Two new Marriott-branded hotels are slated to open in downtown Oakland later this year. Expected to add 276 new rooms, the 18-story hotel at the corner of Jefferson and 15th streets, first reported by the Mercury News. Hawkins Way Capital bought…
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