East Bay hotel is bought for one-fourth prior price as lodging market wobbles

By Atlas Hospitality | 2024-11-18 | Comments Off on East Bay hotel is bought for one-fourth prior price as lodging market wobbles

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…

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Short-Term Rental Companies Prosper During Pandemic

By WAW | 2021-05-20 | Comments Off on Short-Term Rental Companies Prosper During Pandemic

https://labusinessjournal.com/news/2021/may/17/short-term-rental-companies-prosper-during-covid/ By Hannah Madans Monday, May 17, 2021 Despite tough regulations and a pandemic that pummeled the Los Angeles hospitality industry, local vacation rental operators are thriving. West Hollywood-based AvantStay Inc. and Beverly Hills-based Nightfall Group are seeing a surge in demand. Bookings with AvantStay, a short-term rental company that operates in 60 cities, including Malibu,…

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Gov. Newsom’s Economic Reopening Announcement Isn’t The Defining Moment CRE Needs

By WAW | 2021-04-16 | Comments Off on Gov. Newsom’s Economic Reopening Announcement Isn’t The Defining Moment CRE Needs

https://www.bisnow.com/san-francisco/news/commercial-real-estate/california-june-reopening-might-mean-choppy-waters-ahead-108468 April 9, 2021 Bianca Barragán and Jacob Bourne After having the physical and social scope of their lives drastically diminished for over a year, Gov. Gavin Newsom’s announcement that the state may undergo a full economic reopening on June 15 could signal to Californians that it is time to celebrate. For commercial real estate, that could manifest…

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Will California hotels get back to normal? This expert says yes

By WAW | 2021-04-10 | Comments Off on Will California hotels get back to normal? This expert says yes

https://www.ocregister.com/2021/03/29/will-california-hotels-get-back-to-normal-this-expert-says-yes/ “The amount of interest that we’re now receiving from buyers is incredible. In some respects, it’s as if COVID never happened,” says Alan Reay. By SANDRA BARRERA | sbarrera@scng.com | Los Angeles Daily News PUBLISHED: March 29, 2021 at 8:00 a.m. | UPDATED: March 29, 2021 at 8:01 a.m. Like so many people, Alan Reay can’t wait to check-in, again. Reay is…

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