Atlas In The News

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…

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…

https://www.costar.com/article/1156168595?utm_source=newsletter&utm_medium=email&utm_campaign=hospitality&utm_content=p1 Pandemic-Related Hurdles Slow New Projects By Bryan Wroten Hotel News Now July 19, 2021 | 6:28 AM California’s hotel development trends are showing the effects of both recovering demand as well as lasting pandemic challenges. The number of hotels that opened in California in the first half of 2021 increased 46% year over year, but…

https://www.bizjournals.com/sanfrancisco/news/2021/07/19/santa-clara-hotel-boom-construction-pipeline-new.html By Alex Barreira  Staff Reporter, San Francisco Business Times July 19, 2021 Through the first half of the year Santa Clara County is Northern California’s leading submarket for new hotels, with more new properties opening up, under construction and in planning than anywhere else in the Bay Area and nearly the same for the rest…

https://www.bizjournals.com/sanfrancisco/news/2021/07/13/park-hotels-adagio-meridien-sales-price-urban-sf.html By Alex Barreira  –  Staff Reporter, San Francisco Business Times Jul 13, 2021 Updated Jul 13, 2021, 3:08pm PDT Two more large San Francisco hotels are changing hands, with Park Hotels & Resorts announcing Tuesday it is selling the 360-room Le Meridien San Francisco and the 171-room Hotel Adagio in separate transactions to undisclosed buyers. But rather than…

https://www.ocbj.com/news/2021/jul/05/anaheims-allure-200m-hotel-sales-region/ TOURISM: DOUBLETREE, CANDLEWOOD ARE LATEST HOTELS TO TRADE By Katie Murar Monday, July 5, 2021 A pair of hotels in the vicinity of the Anaheim Resort region have traded hands in separate deals topping $100 million, the Business Journal has learned. The two deals, coming on the heels of three other recent transactions previously reported in…

https://www.ocbj.com/news/2021/may/10/sunstone-hotel-seller-no-more/ HOSPITALITY: $265M FOR WINE COUNTRY RESORT By Katie Murar Monday, May 10, 2021 After a selling season that spanned nearly four years, Sunstone Hotel Investors has returned to the market as a buyer, spending $265 million for a recently built hotel in Northern California that’s tops for the state since the onset of the pandemic. The…

Hotels in Mountain View, Sunnyvale face seizure through loan foreclosure https://www.eastbaytimes.com/2021/04/26/covid-real-estate-two-silicon-valley-hotels-auction-foreclosure/ By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: April 26, 2021 at 5:45 a.m. | UPDATED: April 27, 2021 at 6:46 a.m. SUNNYVALE — Two Silicon Valley hotels are headed for the auction block and foreclosure, fresh evidence that economic ailments unleashed by the coronavirus still sicken the…

https://www.bisnow.com/los-angeles/news/hotel/los-angeles-hotels-pandemic-rebound-108471 April 9, 2021 Bianca Barragán, Bisnow Southern California  The team marketing the Mart South hotel redevelopment in Downtown LA’s Fashion District noticed earlier this year that there was a big increase in interest in the property, a former office building entitled for hotel conversion. In fall 2020, the property was averaging about three inquiries a month, but…