Posts Tagged ‘hospitalityindustry’

https://therealdeal.com/la/2021/08/04/hotel-sales-in-california-completely-rebound-from-2020-levels/ 200% year-on-year increase in LA, though SF sales stay flat Los Angeles / August 04, 2021 11:30 AM By Isabella Farr In California, buying a hotel might be the new hottest thing. Hotel sales in California have skyrocketed since the start of the pandemic, according to a new report from advisory firm Atlas Hospitality. A total of 293 hotels…

https://www.youtube.com/watch?v=8oAFn70fc2U New survey by Atlas Hospitality Group finds hotel sales rebounding in the Bay Area, especially in Santa Clara County. Atlas’ President Alan Reay joined Sanaz Tahernia to explain the findings. KRON4 News San Francisco, CA www.kron4.com www.kronon.tv

https://www.costar.com/article/1192957393/california-hotel-valuations-may-spur-more-owners-to-sell First Half of 2021 Saw Record Number of Deals, Dollar Volume By Bryan Wroten Hotel News Now August 5, 2021 | 5:29 AM The California hotels transaction market has rebounded from the coronavirus pandemic faster than expected. “I’ve never seen a stronger seller’s market than what we have right now,” Atlas Hospitality Group President Alan…

https://www.mercurynews.com/2021/08/04/covid-economy-bay-area-california-hotel-purchases-show-big-rebound/ Amid massive job losses for lodging employees, investors grab choice hotel properties By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: August 4, 2021 at 7:45 a.m. | UPDATED: August 4, 2021 at 2:37 p.m. SAN JOSE — Buyers grabbed hotel properties in the Bay Area and California at a record pace during the first half of 2021,…

https://www.sdtranscript.com/common/login/?sourceid=997995&source=news By Thor Kamban Biberman Thursday, August 5, 2021 Hotel sales in California are setting new records in term of price and transaction volume, according to a mid-year report from Atlas Hospitality Group. “California hotel sales have completely rebounded from the COVID-impact that we saw through the first six month of 2020,” the report stated.…

https://www.bizjournals.com/sanfrancisco/news/2021/08/04/hotel-sales-hot-covid-rebound-investment.html By Alex Barreira  –  Staff Reporter San Francisco Business Times Aug 4, 2021 Updated Aug 4, 2021, 12:13pm PDT The hotel investment sales market is heating up to historic levels in both the Bay Area and all of California. Statewide, the first half of 2021 set records for the number of hotels sales (293), dollar volume ($5.26 billion)…

https://www.costar.com/article/1192957393?utm_source=newsletter&utm_medium=email&utm_campaign=hospitality&utm_content=p6 First Half of 2021 Saw Record Number of Deals, Dollar Volume By Bryan Wroten Hotel News Now August 5, 2021 | 5:29 AM The California hotels transaction market has rebounded from the coronavirus pandemic faster than expected. “I’ve never seen a stronger seller’s market than what we have right now,” Atlas Hospitality Group President Alan…

https://napavalleyregister.com/news/local/napa-s-meritage-and-vista-collina-resorts-for-sale-price-could-top-500-million/article_8dcf5388-2f46-5bd6-9ed4-1807ebb6320d.html Jennifer Huffman Jul 28, 2021 | Updated Aug 2, 2021 Between this Wednesday and Friday, a different kind of visitor is expected at Napa’s Meritage and Vista Collina resorts. Instead of vacationers, potential buyers were invited to tour the properties. The resorts, totaling 467 rooms over 36 acres, are for sale. An asking price was not provided. However,…

https://www.ocbj.com/news/2021/aug/02/oc-hotel-openings-2021-outpace-20-and-19/ 613-ROOM WESTIN AMONG SIX TO OPEN THROUGH JUNE By Katie Murar Monday, August 2, 2021 After a slowdown in hotel openings in 2020, six hotels totaling 1,159 rooms opened in Orange County for the first half of this year, the latest sign of an industry rebound, according to a midyear development report by Irvine-based Atlas…

https://spectrumnews1.com/ca/orange-county/business/2021/07/26/anaheim–la-hotel-occupancy-up–but-delta-variant-could-deal–serious-blow–to-the-local-hotel-industry BY JOSEPH PIMENTEL ORANGE COUNTY PUBLISHED 6:27 PM PT JUL. 26, 2021 ANAHEIM, Calif. — Just as things began to look up for the hospitality industry, the delta variant could upend its momentum. While not at pre-COVID levels yet, occupancy, daily rates and revenue have all increased for hotels in Los Angeles and Anaheim since California…

https://www.bizjournals.com/sanfrancisco/news/2021/07/22/pebblebrook-hotel-sell-union-square.html By Alex Barreira  Staff Reporter, San Francisco Business Times Jul 22, 2021 Updated Jul 23, 2021, 10:46am PDT San Francisco’s second-largest hotel owner, Pebblebrook Hotel Trust, has agreed to sell its 189-room Villa Florence San Francisco Union Square for $87.5 million, or $462,963 per key, to an undisclosed buyer. The transaction will mark the second hotel unloaded…

https://www.mercurynews.com/2021/07/20/bankrupt-hotel-downtown-san-jose-not-reopen-2021-real-estate-covid/ Owner of Fairmont hotel wants until at least this fall to file new plan to revamp hotel’s finances By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: July 20, 2021 at 9:36 a.m. | UPDATED: July 20, 2021 at 9:56 a.m. SAN JOSE — A bankrupt hotel in downtown San Jose might not reopen until December — if then…