Posts Tagged ‘hospitalityindustry’
Gaw Capital Defaults on $100M Loan Tied to California Hotel
2025/02/16 by Christopher Caillavet Gaw acquired the Oakland Marriott City Center in 2017 (Image: Gaw Capital Partners) A vehicle managed by Hong Kong’s Gaw Capital Partners has defaulted on a $100 million loan linked to a 500-room California hotel, according to a local media account citing official records. Fund manager Gaw purchased the Oakland Marriott City Center in the…
Read MoreBig Oakland hotel flops into loan default as local lodging woes widen
Hotel highrise is an Oakland landmark By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: February 13, 2025 at 3:44 PM PST OAKLAND — A big highrise hotel in downtown Oakland has tumbled into default on a delinquent loan, fresh evidence of a feeble lodging market in the Bay Area. The Oakland Marriott City Center hotel next to…
Read MoreOakland Marriott City Center hotel defaults on $100 million loan
By Alex Barreira – Staff Reporter, San Francisco Business Times | Feb 12, 2025 Updated Feb 12, 2025 4:27pm PST Oakland’s largest hotel, the 500-room Oakland Marriott City Center, has defaulted on a $100 million loan according to public records. The hotel’s debt troubles arrive as the latest sign of serious distress and plunging values of Oakland hospitality…
Read MoreHyatt Regency Sonoma Wine Country sold to Brookfield Properties
By Alex Barreira – Staff Reporter, San Francisco Business Times Feb 11, 2025 Global developer and investor Brookfield Properties has acquired the 253-room Hyatt Regency Sonoma Wine Country hotel in Santa Rosa for $55 million. The seller, the United Overseas Bank Ltd., New York Agency, completed the deal Nov. 22 according to property records. It was the North Bay’s…
Read MoreCalifornia hotel sales decline in 2024, but not as much as a year earlier
The most expensive hotel transaction last year in the North Bay was the Hyatt Regency Santa Rosa, which sold for $55 million, according to Atlas Hospitality Group. CHERYL SARFATY | THE NORTH BAY BUSINESS JOURNAL | February 10, 2025, 11:59AM Hotel sales across California last year proved anything but robust, the result of persistent economic…
Read MoreSD’s hotel market looks a lot stronger than other parts of the state
By Thor Kamban Biberman | Tuesday, February 4, 2025 San Diego County’s hotel market is far from perfect, but it looked considerably better than some other areas of the state in 2024, according to Atlas Hospitality Group. Atlas Hospitality Group President Alan Reay, who has seen hotel values collapse in some places by as much…
Read MoreCoStar Insight
US hotel rooms in construction show no sign of acceleration Total pipeline shows additional activity, but financing remains the sticking point By Jan Freitag | CoStar Analytics | February 5, 2025 | 7:17 AM The higher interest rate environment continues to keep U.S. hotel development in check. In 2024, the quarterly average number of hotel rooms…
Read MoreCalifornia hotel deals environment ‘reflects disconnect’ between buyers and sellers
2024 full-year dollar volume down 10.4% compared to 2023 Shown here is the 686-key Hyatt Regency San Francisco Downtown SoMa, which transferred via deed-in-lieu back to the lender for $290 million last year. The transaction, valued at $290 million, was California’s largest for 2024. (Hyatt Hotels Corp.) By Natalie Harms | Hotel News Now | February…
Read MoreWoodland building more hotels, bucking a statewide trend
Two new hotels under construction in Woodland on East Main Street are Home2Suites, which has 85 rooms, as well as Courtyard, which has 109 rooms. (Jim Smith/Courtesy) By Jim Smith | jsmith@dailydemocrat.com and George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: January 31, 2025 at 7:03 AM PST Hotel development nosedived in California in 2024, fresh evidence the statewide lodging market may…
Read MoreAfter the smoke clears: What the California wildfires mean for real estate
By Patricia Kirk Jan 27, 2025 8:00am As Los Angeles County fires swept through local communities, hotels and restaurants cast a lifeline to rescue workers and residents displaced by towering infernos that have already resulted in 28 deaths and leveled large swaths of the Pacific Palisades, Altadena, Malibu, Brentwood and Topanga. Local Hoteliers and Restaurateurs Offer Helping Hand Many…
Read MoreNew San Diego hotel openings fall to slowest level in more than a decade
New construction, though, has picked up as pandemic-delayed projects move forward, from Coronado to Carlsbad By Lori Weisberg | The San Diego Union-Tribune UPDATED: January 22, 2025 at 4:37 PM PST San Diego County’s hotel openings last year dropped to their lowest level in recent history, with just one property — in Chula Vista — making its debut…
Read MoreCalifornia hotel development remained stymied in 2024
The North Bay is not immune, but the region also is home to one growing segment of the industry unaffected by financing costs, according to Atlas Hospitality Group’s new report. CHERYL SARFATY | THE NORTH BAY BUSINESS JOURNAL | January 20, 2025, 7:32PM 90 local hotel projects on the drawing board Napa County (35 projects): 22…
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