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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…
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,…
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…
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…
Atlas Hospitality Group, which specializes in the sale of California hotels, was founded by Alan X. Reay in 1997. Since its inception, Atlas has sold more hotels in the state than any other brokerage firm.