Portfolio Items
LA’s Hotel Pipeline Struggling With Construction Costs, Long Entitlement Periods Ahead Of Big Sporting Events
By Atlas Hospitality |
December 3, 2024 Bianca Barragán, Southern California Los Angeles is gearing up to host the Olympic and Paralympic Games, a Super Bowl and World Cup games in the next decade, but its hotel landscape is facing challenges from every angle. There are 105 hotel projects in the Greater Los Angeles area in the development process, Majestic Hospitality Group CEO Christopher Henry said,…
Read More Downtown Oakland Hotel Trades at 76% Discount
By Atlas Hospitality |
Plunging values, and safety concerns are hitting lodgings in the airport corridor. By Jack Rogers| November 22, 2024 at 05:38 AM Hotel values are cratering in Oakland, with the latest benchmark set by a downtown property that sold for 76% less than its last trade. Core Property Capital paid $10.6M for the Courtyard Oakland Downtown, a…
Read More Hotel workers union solicits surprising ally: Wells Fargo
By Atlas Hospitality |
By Alex Barreira – Staff Reporter, San Francisco Business Times Nov 20, 2024 | Updated Nov 20, 2024 7:15am PST As the contract impasse between San Francisco hotel workers union Unite Here Local 2 and operators Hilton, Hyatt and Marriott nears its 100th day, the union is turning its appeals to a surprising place: Wells…
Read More Hilton San Francisco Union Square, Parc 55 hotels narrow in on buyer
By Atlas Hospitality |
By Alex Barreira – Staff Reporter, San Francisco Business Times Nov 18, 2024 San Francisco’s largest hotel complex is inching closer to a buyer. Eastdil Secured, acting as broker, submitted its first and final calls for bids on the Hilton San Francisco Union Square and Parc 55 hotels and “several offers are presently under review,”…
Read More East Bay hotel is bought for one-fourth prior price as lodging market wobbles
By Atlas Hospitality |
Deal underscores weakening hotel values in the Bay AreaBy George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: November 18, 2024 at 8:57 AM PST OAKLAND — An Oakland hotel has been bought at a price that suggests the high-profile property’s value has nosedived since the end of the coronavirus outbreak. Courtyard Oakland Downtown, a Marriott brand, was bought…
Read More City Profile: Big events test LA’s hotel market
By Atlas Hospitality |
By Nellie Day Nov 12, 2024 8:00am Los Angeles has always been synonymous with fame, thanks to Hollywood and its entertainment production powerhouses. In addition to awards shows – think Grammys, Emmys, Oscars, etc. – Los Angeles pulls travelers thanks to its weather, many area attractions and convention business. Some hotel investors are optimistic that a new…
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