Posts Tagged ‘hospitalityindustry’
KRON ON interview: Bay Area hotel sales
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
Read MoreCalifornia Hotel Valuations May Spur More Owners To Sell
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…
Read MoreCOVID economy: Bay Area, California hotel purchases show big rebound
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,…
Read MoreState hotel sales surge 157% through first half of year
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.…
Read MoreHotel sale market is hotter than it’s ever been, especially in the Bay Area
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)…
Read MoreCalifornia Hotel Valuations May Spur More Owners To Sell
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…
Read MoreNapa’s Meritage and Vista Collina resorts for sale; price could top $500 million
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,…
Read MoreOC Hotel Openings in 2021 Outpace ’20 and ’19
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…
Read MoreAnaheim, LA hotel occupancy up, but delta variant could upend industry’s momentum
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…
Read MorePebblebrook inks deal to sell another Union Square hotel for $87.5 million
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…
Read MoreBankrupt hotel in downtown San Jose might not reopen in 2021
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…
Read MoreCalifornia hotel construction booms, but fewer are planned
https://www.northbaybusinessjournal.com/article/article/california-hotel-construction-booms-but-fewer-are-planned/ GARY QUACKENBUSH FOR THE NORTH BAY BUSINESS JOURNAL July 22, 2021, 11:03AM Hotel construction is booming across California as well as in the North Bay, according to a new report by a real estate brokerage specializing in such properties. Fifty-one new hotels with 7,168 rooms have opened statewide so far this year, representing a…
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