Posts Tagged ‘hospitalityindustry’

July, 30 2024 | Excerpt from CoStar Twenty-two hotels opened in California during the first half of the year, according to a midyear survey, highlighting the ongoing challenges hotel developers face across the U.S. and in California in particular. Atlas Hospitality Group’s California Hotel Development Survey Mid-Year 2024 reports that the 22 openings were an…

22 Hotels Opened in State During First Half of Year By Bryan Wroten | Hotel News Now | July 29, 2024 | 5:49 AM Twenty-two hotels opened in California during the first half of the year, according to a midyear survey, highlighting the ongoing challenges hotel developers face across the U.S. and in California in particular.…

The golf course-adjacent resort commanded a purchase that is among the highest in the Western U.S. in 2024. By LORI WEISBERG | The San Diego Union-Tribune UPDATED: July 24, 2024 at 4:07 p.m. In what is the single biggest hotel sale so far this year, the 394-room Hilton La Jolla Torrey Pines resort has been acquired for $165…

HOSPITALITY: Recent Hotel Renos Reflect ‘Strong Market’ BY RAY HUARD | JULY 15, 2024 SAN DIEGO – The Westin San Diego Bayview has completed a $20 million renovation that general manager Peter Engard said is meant to provide “an unparalleled experience” that reflects the hotel’s location in Emerald Plaza that lights up the San Diego…

By Kevin V. Nguyen Published Jul. 09, 2024 • 6:00am The historic Huntington Hotel at the top of Nob Hill celebrated its 100th birthday while its doors were shuttered in 2022. But unlike other major hotels in San Francisco, the 12-story, 135-room luxury property never managed to re-open under the previous owners once the pandemic ended.  Instead,…

The change in ownership comes just five years after the 16-story property opened in downtown San Diego By LORI WEISBERG | The San Diego Union-Tribune PUBLISHED: July 9, 2024 at 10:09 a.m. | UPDATED: July 9, 2024 at 11:05 a.m. Nearly five years after the gleaming 16-story Carte hotel opened in Little Italy, it has been sold to a global…

The Omni San Diego is close to completing its largest renovation ever that will include two new venues for dining and drinking By LORI WEISBERG | The San Diego Union-Tribune PUBLISHED: June 28, 2024 at 5:30 a.m. | UPDATED: June 28, 2024 at 5:31 a.m. The 32-story Omni hotel next door to Petco Park is nearing the end of a…

The Marriott property is one of only two hotel projects in the county to break ground this year By LORI WEISBERG | The San Diego Union-Tribune PUBLISHED: June 27, 2024 at 6:00 a.m. | UPDATED: June 27, 2024 at 10:47 a.m. A new seven-story hotel that will include a number of extended-stay guestrooms will soon be rising in Mission Valley…

Bank of America provides fresh debt on 1,030-key hotel JUN 25, 2024, 2:30 PM – By Isabella Farr Tarsadia Investments, run by Orange County hotelier Tushar Patel, has refinanced its 1,030-key Anaheim Marriott hotel.  The firm scored a $125 million loan from Bank of America on the hotel, located at 700 West Convention Way, adjacent to…

By Roger Vincent Staff Writer  June 21, 2024 1:42 PM PT The former Ace Hotel in downtown Los Angeles, which helped lead an economic revival on a historic stretch of Broadway a decade ago, has reopened as a minimal-service operation akin to Airbnb, following a strategy that has become increasingly common for struggling hotels in recent years.…

Marriott International will begin day-to-day management on July 1 By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: May 24, 2024 at 9:15 a.m. | UPDATED: May 24, 2024 at 1:09 p.m. The Irvine Co. will turn over day-to-day management of its Resort at Pelican Hill to Marriott International, with the luxury hotel eventually joining the St. Regis brand. The Newport…