Posts Tagged ‘hospitalityindustry’
California hotel sales show year-over-year decline, North Bay included
The most expensive hotel sale in the North Bay through June 30 was the 27-room Redwood Inn & Trailer Park in Santa Rosa. It sold for $2.625 million, according to Atlas Hospitality Group. CHERYL SARFATY | NORTH BAY BUSINESS JOURNAL | August 14, 2025 Hotel sales in California through the first six months of the…
Read MoreNew Report Shows California Hotel Sales Dropping
Hotel sales are down throughout California and the North Bay is no exception. That is according to a new report from Atlas Hospitality Group. Through the first six months of this year, three hotels in the North Bay were sold. That’s compared to 13 during the same period in 2024. Two of the sales were…
Read MoreSan Jose hotel may be transformed into memory and residential care hub
Proposal arrives on heels of weak Bay Area hotel market By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: August 8, 2025 at 5:30 AM PDT SAN JOSE — The Aloft hotel in western San Jose could be converted into a residential care hub for seniors, documents on file with city planners show. At 4241 Moorpark Ave., Aloft San…
Read MoreSan Diego hotel sales inch upward amid statewide slump
While San Diego is positioned well in the hotel market, sales statewide are expected to continue to slow. By Lori Weisberg | The San Diego Union-Tribune PUBLISHED: August 5, 2025 at 5:30 AM PDT Even amid high interest rates and rising operating costs, hotels in San Diego County are selling a bit more briskly than in all of…
Read MoreLender buys The Line Hotel in Koreatown for $68M
Foreclosure handover marks third-priciest hotel sale in California this year Aug 1, 2025, 12:33 PM PDT By TRD Staff The lender of The Line Hotel in Koreatown has bought back the lodging out of foreclosure in a landmark sale for Los Angeles this year. Corten Real Estate Partners purchased the hotel at 3515 Wilshire Boulevard from…
Read MoreSan Francisco’s hotel sales in first half were highest in a decade, even as rest of state slows down
By Alex Barreira – Staff Reporter, San Francisco Business Times Jul 31, 2025 San Francisco saw its greatest number of hotel sales in more than a decade in the first half of 2025, even though a sluggish market persists in the rest of the state. Ten San Francisco hotels changed hands through the end of June, the…
Read MoreBay Area hotel sales lag amid widespread loan defaults, foreclosures
Oakland, San Jose foreclosure sales top local price list in first half of 2025 Jul 31, 2025, 11:00 AM PDT By TRD Staff The Bay Area lodging market is feeling the heat this summer. As hotels in the Bay Area and across California fall into loan default and foreclosure, hotel sales in general have also suffered, The…
Read MoreForeclosed San Jose hotel may go up for sale after major sports events
Lender reports no interest in owning hotel tower long-term By GEORGE AVALOS | gavalos@comgavalos@bayareanewsgroup.com Area | Bay AreaNews GroupNews Group UPDATED: July PDTJuly 31, 2025 at 11:29 AM PDT SAN JOSE — Signia by Hilton San Jose, which was foreclosed due to a failed real estate loan, could be back on the sales block as…
Read MoreLocal hotels avoid surge of foreclosures in 1st half of 2025
By Thor Kamban Biberman The largest hotel sale during the first half of the year in three separate counties (Los Angeles, Alameda and Santa Clara) were all lender foreclosure sales. By contrast, San Diego didn’t have any foreclosures and it didn’t have any identified defaults, according to a new report from Atlas Hospitality Group. The…
Read MoreForeclosures, defaults undermine hotel deals in Bay Area, California
Three major hotel sales in California were spawned by foreclosure proceedings By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: July 31, 2025 at 4:36 AM PDT Foreclosures and failed property loans this year have made an impact on hotel purchase deals in both the Bay Area and California, a new report shows. Weakening values have also caused…
Read MoreCalifornia Hotel Market Shows Mixed Signals in First Half as Foreclosure Sales Drove Activity
July 30, 2025 Transaction volume declines while dollar values rise amid continued buyer-seller disconnect California’s hotel sales market presented a complex and often contradictory picture in the first half of 2025, with fewer transactions but higher total dollar volumes driven significantly by distressed property sales, according to Atlas Hospitality Group’s comprehensive mid-year survey released this…
Read MoreLender On The Line LA Buys Property Out Of Foreclosure For $68M
Los AngelesHotel | July 29, 2025 | 1:16 p.m. ET Bianca Barragán, Southern California The Line LA hotel on Wilshire Boulevard in Koreatown. Corten Real Estate Partners purchased The Line Hotel in Koreatown last month, marking Los Angeles County’s largest hotel sale of the year. Corten paid $68M for the 390-room hotel following the February default…
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