Posts Tagged ‘Alan Reay’
SD’s hotel market looks a lot stronger than other parts of the state
By Thor Kamban Biberman | Tuesday, February 4, 2025 San Diego County’s hotel market is far from perfect, but it looked considerably better than some other areas of the state in 2024, according to Atlas Hospitality Group. Atlas Hospitality Group President Alan Reay, who has seen hotel values collapse in some places by as much…
Read MoreAfter the smoke clears: What the California wildfires mean for real estate
By Patricia Kirk Jan 27, 2025 8:00am As Los Angeles County fires swept through local communities, hotels and restaurants cast a lifeline to rescue workers and residents displaced by towering infernos that have already resulted in 28 deaths and leveled large swaths of the Pacific Palisades, Altadena, Malibu, Brentwood and Topanga. Local Hoteliers and Restaurateurs Offer Helping Hand Many…
Read MoreNew San Diego hotel openings fall to slowest level in more than a decade
New construction, though, has picked up as pandemic-delayed projects move forward, from Coronado to Carlsbad By Lori Weisberg | The San Diego Union-Tribune UPDATED: January 22, 2025 at 4:37 PM PST San Diego County’s hotel openings last year dropped to their lowest level in recent history, with just one property — in Chula Vista — making its debut…
Read MoreCalifornia hotel development remained stymied in 2024
The North Bay is not immune, but the region also is home to one growing segment of the industry unaffected by financing costs, according to Atlas Hospitality Group’s new report. CHERYL SARFATY | THE NORTH BAY BUSINESS JOURNAL | January 20, 2025, 7:32PM 90 local hotel projects on the drawing board Napa County (35 projects): 22…
Read MoreStudy: CA hotel development hits decade-low in 2024
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…
Read MoreCalifornia Hospitality Market Sees Decline in Openings but Prepares for Growth
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…
Read MoreFewest Hotel Deliveries in California Since 2014
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…
Read MoreBay Area, California hotel production plummets in 2024
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…
Read MoreCalifornia hotel openings hit lowest point in years
Atlas Hospitality survey reports 35 new hotels in 2024 By Bryan Wroten | Hotel News Now | January 15, 2025 | 6:23 AM California hotel development reached its lowest point in about 10 years in 2024. Atlas Hospitality Group’s California Hotel Development Survey 2024 Year-End found 35 hotels opened last year, a 34% year-over-year drop in…
Read MoreCalifornia and Bay Area hotel development flops as market nosedives
Inflation and interest rates hobble hotel projects By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: January 15, 2025 at 4:18 AM PST SAN JOSE — Hotel development nosedived in California and the Bay Area in 2024, fresh evidence the statewide lodging market may still be affected by economic conditions following a global pandemic, a new report shows. Atlas Hospitality…
Read MoreCupertino hotel near famed Apple office hub lurches into loan default
Hotel faces foreclosure due to delinquent loan By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: January 8, 2025 at 10:42 AM PST CUPERTINO — A South Bay hotel with a trendy design and a prime location near a famed Apple office hub has lurched into a loan default, a grim reminder of the weakness in the Bay…
Read MoreOrange County hotel deal ranks among California’s largest of 2024 as buying climate improves
Utah investment firm acquires two Anaheim properties for more than $200 million By Lou Hirsh | CoStar News | December 24, 2024 | 12:14 P.M. An investor has snapped up two Anaheim hotels in California’s largest hospitality sales deal of 2024, the latest sign of a potential nationwide rebound in such transactions in the coming year.…
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