Posts Tagged ‘hospitalityindustry’
Analysts Make Case for Optimism on Hotel Performance for Rest of Year (skift.com)
Sean O’Neill, Skift September 9th, 2022 at 2:00 AM EDT Skift Take Talk of inflation has soured some people on the prospects for hotels for the rest of the year. But some analysts, such as CBRE and Truist, have upgraded their views. Plus, Asia’s recovery and other news items. — Sean O’Neill Sunday, Sept. 4 After a record-breaking…
Read MoreAfter Slowdown in Property Sales, ‘Repricing’ Becomes This Summer’s Dreaded Word
Rising Interest Rates, Other Economic Challenges Plague Commercial Real Estate Nationally By Ryan Ori | CoStar NewsAugust 23, 2022 | 10:53 AM Summer lulls are nothing new in commercial real estate, but this year’s slowdown in deals is more pronounced because of one word that has defined the season: repricing. Rising interest rates, inflation and worries…
Read MoreAtlas Report Shines Spotlight on Hotel Sales in California
HOSPITALITY: Hotel Transactions Cooling Off in 2022 BY KAREN PEARLMAN | SEPTEMBER 2, 2022 After a record-breaking 2021 for hotel sales in California, including the highest number of individual hotel sales and total dollar volume sales in San Diego County, hotel transactions have cooled off in the state and region in the first six months…
Read MoreCalifornia hotel buyers’ price per room goes up, deals down
Focus shifts to luxury properties even as cost for capital climbs Los Angeles Archive / August 18, 2022 02:30 PMBy Isabella Farr If you’re looking to buy a hotel in California, expect to pay a record median price per room. The median price for a hotel per room hit $143,400 in the first half of this year — up 13…
Read MoreCalifornia hotel sales reach record price per room — but not in San Diego
The Moxy hotel was the priciest sale in San Diego County during the first six months of 2022 (Courtesy of CoStar) The priciest hotel sale in San Diego County during the first six months of the year was the 126-room Moxy, a hip boutique hotel by Marriott. BY LORI WEISBERG AUG. 18, 2022 4:24 PM PT Even…
Read MoreThough Slower-Paced, California Hotel Sales Set New Record for Median Price Per Room
State Program, Investors Continue To Seek Hotels To Convert to Housing By Bryan Wroten | Hotel News NowAugust 16, 2022 | 1:30 P.M. While hotel sales in California cooled from their highs last year, transactions during the first half of 2022 set a new median-price-per-room record and approached other records as well. Atlas Hospitality Group’s California…
Read MoreDowntown San Diego’s Hotel Palomar is getting a $25M makeover — and a new name
The hotel that began life 14 years ago as a tony downtown property and later was reinvented as the Hotel Palomar will now be reimagined yet again — as the Kimpton Alma, with a new design, new branding and a change in dining venues. The renovation is expected to be complete by this fall. BY LORI…
Read MoreVacation inflation: California sees big jump in hotel room rates
Occupancy runs 75%, up 6 percentage points over 12 months By JONATHAN LANSNER | jlansner@scng.com | Orange County RegisterPUBLISHED: August 13, 2022 at 7:24 a.m. | UPDATED: September 1, 2022 at 10:35 a.m. ”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data. Buzz: Hotel room rates…
Read MoreBiotech-Focused IQHQ Buys San Diego Hyatt Regency in Rare Hospitality Acquisition
Biotech-Focused IQHQ Buys San Diego Hyatt Regency in Rare Hospitality Acquisition (costar.com) Deal Comes After Growing Life Science REIT’s $200 Million Office Purchase in Same Mixed-Use Complex By Lou Hirsh | CoStar NewsAugust 10, 2022 | 1:02 P.M. Biotech-focused IQHQ has made a rare hospitality purchase, acquiring the upscale Hyatt Regency La Jolla at Aventine hotel in San Diego for more…
Read MoreBillionaire Mulls $650M Montage Laguna Beach Purchase: Report
The Montage Laguna Beach luxury resort may be getting a new owner in the near future. Patch.com – Posted Fri, Nov 4, 2022 at 10:39 am PT LAGUNA BEACH, CA — Montage Laguna Beach may come under new ownership in the future, after the Wall Street Journal reported a possible sale of the luxury resort this…
Read MoreTIME Hotels expands into Morocco
Time Hotels – 2 min read 3 November 2022 UAE-headquartered hospitality company signs agreement to manage equestrian eco-resort in Morocco’s Atlas Mountains UAE-headquartered TIME Hotels has signed an agreement to manage 35 luxurious lodges in an equestrian eco-resort in Ifrane’s National Park in Morocco’s Atlas Mountains, its first property in the North African country. The Atlas Crown Collection…
Read MoreBloomberg: Billionaire Tilman Fertitta to buy Montage Laguna Beach
By: Dana BartholomewNovember 3, 2022 Resort’s reported price of $650M would represent record-setting $2.5M per room. If deal goes through, “World’s Richest Restaurateur” would pay $2.5M per room Billionaire Tilman Fertitta is nearing a deal to buy the 258-room Montage Laguna Beach resort for at least $650 million. The casino owner is on the brink…
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