Posts Tagged ‘hospitalityindustry’
Orange 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 MoreAlila Ventana Big Sur Sells Again After 3 Months, Reaching $150MM
https://news.theregistrysf.com/alila-ventana-big-sur-sells-again-after-3-months-reaching-150mm/ By Vladimir Bosanac After just three months of ownership, Hyatt Hotels Corporation has flipped the 59-room Alila Ventana Big Sur for $150 million, or around $2.608 million per room. This price point is around $2 million more than what the company paid in June when it acquired the hotel from Geolo Capital, the private equity investment arm…
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 MoreAWH Partners purchases Silicon Valley hotel; adds to Bay Area portfolio
https://therealdeal.com/sanfrancisco/2021/09/15/awh-partners-purchases-silicon-valley-hotel-adds-to-bay-area-portfolio/ The Hilton Garden Inn Fremont Milpitas landed a buyer that has been snatching up hotel properties in the Bay Area San Francisco / September 15, 2021 04:25 PM TRD Staff The Hilton Garden Inn Fremont Milpitas landed a buyer that has been snatching up hotel properties in the Bay Area. AWH Partners, which recently purchased the historic Villa Florence…
Read MoreNo room at the inn?
https://www.sonomanews.com/article/news/no-room-at-the-inn/ LORNA SHERIDAN INDEX-TRIBUNE MANAGING EDITOR August 19, 2021, 5:30PM Sonoma’s largest hotels Fairmont Sonoma Mission Inn: 226 guest rooms. The Lodge at Sonoma: 182 rooms. Best Western Sonoma Valley Inn: 82 rooms. MacArthur Place: 64 rooms (with a current proposal to add 11 more). El Pubelo Inn: 53 rooms. The rest have fewer than…
Read MoreChallenges, opportunities loom for downtown San Jose hotel’s new manager
Signia Hilton is new brand for iconic downtown San Jose hotel https://www.mercurynews.com/2021/08/19/challenge-opportunity-downtown-san-jose-hotel-manage-hilton-covid/ By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: August 19, 2021 at 11:15 a.m. | UPDATED: August 20, 2021 at 9:08 a.m. SAN JOSE — The new manager of a downtown San Jose hotel that has emerged from bankruptcy faces challenges and opportunities amid lingering side effects…
Read MoreHotel Sales Surpass Pre-Pandemic Levels
https://labusinessjournal.com/news/2021/aug/16/hotel-sales-surpass-pre-pandemic-levels/ By Hannah Madans – Los Angeles Business Journal Monday, August 16, 2021 Hotel sales are hitting record highs, surpassing not only 2020 but 2019 levels as real estate investors who waited out early waves of the pandemic finally look to spend. In the first six months of the year, the number of hotel sales in Los…
Read MoreHotel Sales Surpass Pre-Pandemic Levels
https://labusinessjournal.com/news/2021/aug/16/hotel-sales-surpass-pre-pandemic-levels/ By Hannah Madans Monday, August 16, 2021 Hotel sales are hitting record highs, surpassing not only 2020 but 2019 levels as real estate investors who waited out early waves of the pandemic finally look to spend. In the first six months of the year, the number of hotel sales in Los Angeles County increased 188%…
Read MoreCalifornia hotel purchases spike as planned more rooms are planned statewide
https://www.northbaybusinessjournal.com/article/industrynews/california-hotel-purchases-spike-as-planned-more-rooms-are-planned-statewid/ NORTH BAY BUSINESS JOURNAL August 9, 2021, 11:45AM Purchases of hotels surged in the first half of the year, especially in Northern California, a half year look by Atlas Hospitality Group shows. The report, released Tuesday, shows 243 transactions in 2021’s first six months compared to 2020, sales were up 157%. Looking only at…
Read MoreHotel sales in California “completely rebound” from 2020 levels
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…
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