Posts Tagged ‘atlashospitalitygroup’

As the hospitality industry continues to recover from the coronavirus pandemic, California hotels set new investment records in 2021. A 2021 year-end report from hotel brokerage Atlas Hospitality Group found individual hotel sales in the state surged 71% over the previous year to a record 510 transactions. Dollar volume for hotels also hit a record $9.9B, and a record number of…

Today’s Headlines: Frontier Airlines To Buy Spirit in $6.6 Billion Deal; Travel Industry Prepares for Endemic COVID-19; California Hotel Sales Break Multiple Records; Airfares Surge for Spring and Summer Travel; Future of Hotel Minibars Questioned in Age of Mobile Delivery https://www.costar.com/article/1421962403/5-things-to-know-for-feb-7 By Bryan Wroten | Hotel News Now February 7, 2022 | 7:23 AM Editor’s Note:…

Survey Reports 510 Deals That Total Nearly $10 Billion https://www.costar.com/article/1977010959/large-scale-sales-shatter-california-hotel-transactions-records By Bryan Wroten | Hotel News Now February 7, 2022 | 6:29 AM By every measure, 2021 was a record year for California hotel deals. The California Hotel Sales Survey 2021 Year-End reports there were 510 hotel deals for the year, up 71% compared to 2020…

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…

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…

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…

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…

By Wesley Severson – Published on March 11, 2022. https://hoodline.com/2022/03/new-hotel-and-apartment-building-with-rooftop-lounge-now-open-in-uptown/ A new hotel and apartment complex with a rooftop lounge is now open for guests and renters in Oakland’s Uptown District, at 2455 Broadway. The 168-room hotel portion of Kissel Uptown Oakland is operated by Hyatt as part of its Unbound Collection of lodging establishments. The 74-unit apartment portion…

BY:   HANNAH MADANS WELK | MARCH 7, 2022 https://labusinessjournal.com/real-estate/large-number-of-l-a-hotels-sold-in-2021/ Hotel sales spiked in 2021 even as room bookings failed to hit pre-pandemic levels. In L.A. County, hotel transactions increased 26.2% from 61 to 77. Total dollar volume, meanwhile, rose a staggering 145.5% to $1.9 billion, the highest of any county in California, according to data…

Owner of Signia by Hilton hotel in San Jose says early April date is “firm” By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: March 14, 2022 at 8:30 a.m. | UPDATED: March 14, 2022 at 4:26 p.m. SAN JOSE — A big hotel in downtown San Jose that’s been closed for about a year has set a “firm date”…

Six hotels are bringing about 1,800 rooms to four Bay Area cities By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: March 17, 2022 at 9:50 a.m. | UPDATED: March 18, 2022 at 3:49 a.m. https://www.mercurynews.com/2022/03/17/hotel-silicon-valley-bay-area-covid-real-estate-economy-tech-recover/ SAN JOSE — A burst of hotel openings in Santa Clara County and the East Bay points to widening confidence that the Bay Area…

By Donald Morrison | Mar 18, 2022 07:29am https://www.hotelmanagement.net/operate/lodging-leaders-discuss-californias-comeback-clic ANAHEIM, CALIF. – Market recovery, inflation and high construction costs in a post-pandemic world were three of the hot topics discussed by lodging industry leaders at this year’s recent California Lodging Investment Conference. The fifth annual CLIC event was held in-person for the first time in two…