Posts Tagged ‘atlashospitalitygroup’
The Line Gets $100M Loan
BY: HANNAH MADANS WELK | MARCH 28, 2022 https://labusinessjournal.com/tourism/hotels/the-line-gets-100m-loan/ The Line LA, a popular hotel in Koreatown, has received a $100 million loan. The Line is a 384-room hospitality property at 3515 Wilshire Blvd. Institutional Property Advisors, a division of Marcus & Millichap’s Jordan Ray, Steven Buchwald, Jamie Matheny and Lexington Henn arranged the financing…
Read MoreHotel-To-Industrial Demolition Plan ShowsStrength Of Demand For Warehouses
June 13, 2022 | Bianca Barragan, Bisnow Southern California https://www.bisnow.com/los-angeles/news/industrial/hotel-to-industrial-conversion-hotel-fullerton-rexford-113391 Rexford Industrial (https://www.bisnow.com/tags/rexford-industrial) spent$45M to buy the Hotel Fullerton (https://www.bisnow.com/tags/hotelfullerton), a 1960s-era property on 7 acres just off the 91 Freeway inFullerton, but Rexford isn’t getting into the hotel business. Instead, the deal offers yet another sign of developers getting creative to find opportunities to…
Read MoreTrinity, Oaktree Capital Buy Luxury Southern California Resort Hotel From Hyatt
Sale Points to Rebound for Coachella Valley Hospitality Industry After Two Years of Pandemic By Randyl Drummer | CoStar News April 5, 2022 | 3:49 P.M. https://www.costar.com/article/1084862773/trinity-oaktree-capital-buy-luxury-southern-california-resort-hotel-from-hyatt The Hyatt Regency Indian Wells Resort & Spa near Palm Springs, California, has been sold, the second sale of a large Coachella Valley resort hotel since December as the…
Read MoreOpening of big San Jose hotel is delayed a few weeks to late April
Long-time San Jose hotel is reopening with new operator, manager By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: April 11, 2022 at 10:11 a.m. | UPDATED: April 12, 2022 at 7:25 a.m. https://www.mercurynews.com/2022/04/11/open-big-san-jose-hotel-delay-late-april-real-estate-covid-economy/ SAN JOSE — The reopening of a big downtown San Jose hotel is now slated for late April, a delay of a few weeks triggered by…
Read MoreRace for Rooms as Grand Prix of Long Beach Accelerates Greater LA’s Hospitality Rebound
Some Room Rates Exceed 2019 Levels in Greater LA, but Occupancy Still Trails Pre-Pandemic Levels By Jack Witthaus | CoStar News April 8, 2022 | 1:30 P.M. https://product.costar.com/home/news/139979861 The Grand Prix of Long Beach has supercharged the region’s hotels, driving occupancy back to pre-pandemic levels and boosting room rates at least for a weekend, an indication…
Read MoreOrange County Hotel Sells Amid Tourism Rebound in Disneyland’s Hometown
Utah Investor Acquires Anaheim Property from Special-Services Firm for $57.5 Million By Lou Hirsh | CoStar News April 14, 2022 | 4:28 P.M. https://product.costar.com/home/news/shared/1875836968?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p4&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIxOTgzMzU2IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTY1MDAyODkwN30.jrdMV7aFSllbCEkb8yaiQYe8-OMQxU3PooYC_qBsuqg A Utah investor acquired an Anaheim, California, hotel for approximately $57.5 million, as Disneyland’s tourism-focused home region rebounds from effects of the pandemic. Provo-based Dynamic City Capital purchased the 190-room Portofino Inn &…
Read MoreDowntown San Jose hotel is part of $3.8 billion nationwide deal
Deal points to rising values for hotels in Bay Area By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: May 12, 2022 at 11:41 a.m. | UPDATED: May 16, 2022 at 1:11 p.m. https://www.mercurynews.com/2022/05/12/downtown-san-jose-marriott-hotel-3-8-billion-real-estate-deal-covid/ SAN JOSE — Three Bay Area hotels are part of a coast-to-coast lodging deal priced at $3.8 billion that gives one hotel in the transaction, the…
Read MoreBeverly Hills is getting an ultra-luxe hotel chain so exclusive you’ve probably never heard of it
BY ROGER VINCENT | STAFF WRITER JUNE 9, 2022 5 AM PT https://www.latimes.com/business/story/2022-06-09/beverly-hills-development-announces-ultra-luxury-hotel-aman At the Aman resort in the Turks and Caicos Islands, guest villas come with infinity pools and butlers who serve you a private romantic dinner on the beach. In a remote Utah desert, Aman guests can “camp” in tented pavilions with plunge pools and…
Read MoreWine Country gets its second $2 million per key hotel sale in 2021
https://www.bizjournals.com/sanfrancisco/news/2021/11/02/four-seasons-napa-valley-sunstone-alcion-sale.html By Alex Barreira Staff Reporter, San Francisco Business Times Nov 2, 2021 Updated Nov 3, 2021, 4:54pm PDT The high-end hotel acquisition market is still red hot. Casein point: The fi ve-star luxury Four Seasons Napa Valleyresort is being sold for a near-record per key price of $2.1million, according to a report in the Wall Street Journal.…
Read MoreAn inhospitable market? LA’s biggest hotel sales plunge in 2020
https://therealdeal.com/la/2020/12/18/an-inhospitable-market-las-biggest-hotel-sales-plunge-in-2020/?utm_source=internal&utm_medium=after_article&utm_campaign=related_article Large deals have been few and far between as investors wait out pandemic Los Angeles / December 18, 2020 08:50 AM By Matthew Blake | Research By Jerome Dineen This was a bad year to sell a hotel. Only two of the five biggest Los Angeles County hotel sales in 2020 would have made the cut for last year’s top five, according…
Read MorePalo Alto Hotel Sells For $32.7M: Report
https://patch.com/california/paloalto/palo-alto-hotel-sells-32-7m-report The Palo Alto property is among five Oxford Capital purchased for a combined $111 million according to the report. By Gideon Rubin, Patch Staff Dec 18, 2020 5:19 pm PT PALO ALTO, CA — A Palo Alto hotel has been sold amid a Chicago-based investment group’s Monopoly board-style Bay Area buying spree. Oxford Capital paid…
Read MoreHotel Near Los Angeles Airport Sold in Region’s Second-Largest Deal of 2020
$91.5 Million Trade is California’s Fifth Priciest Amid Pandemic Conditions https://product.costar.com/home/news/shared/1439334782?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p4 By Lou Hirsh / CoStar News December 16, 2020 | 5:25 P.M. Sunstone Hotel Investors sold the 502-room Renaissance Los Angeles Airport hotel for $91.5 million in the L.A. market’s second-priciest hotel deal by sum of 2020, a tough year for hospitality properties amid the coronavirus…
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