Posts Tagged ‘hospitalityindustry’
Costly regulations putting some California coastal hotel projects over the financial tipping point
By Patricia Kirk | Dec 6, 2023 8:00am California’s coast is a popular tourist destination that attracts visitors globally year-round, making it a lucrative hospitality market. But hotel investors and developers considering projects along the California coast should do their homework before entering this market. California is well known among developers for high barriers to entry,…
Read MoreLos Angeles Hotel Sales Evaporated This Year, But Olympics, World Cup Await
November 30, 2023 | Bianca Barragán, Southern California It’s hard out there for Los Angeles-area hoteliers, but many are steadfast in their belief that better times are just around the corner — for those that can hang on. Atlas Hospitality Group President Alan Reay told the audience at Bisnow’s Los Angeles Hospitality Summit at the Omni Hotel and Resort Los Angeles…
Read MoreDeveloper BPM defaults on $127M loan tied to Anaheim’s Viv Hotel
326-key hospitality property stands about a mile from Disneyland and opened in 2020 By Isabella Farr |NOV 20, 2023, 5:00 PM BPM Real Estate Group has defaulted on a $127 million loan tied to an Anaheim hotel project, The Real Deal has learned. BPM, based in Portland, used the loan to build the 12-story, 326-key Viv Hotel at…
Read MoreSan Jose hotel is poised to benefit from SJSU student housing deal
Signia Hilton plans new restaurant, lounge, other other amenities at downtown San Jose hotel By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News GroupPUBLISHED: November 20, 2023 at 11:20 a.m. | UPDATED: November 20, 2023 at 1:34 p.m. SAN JOSE — A landmark downtown San Jose hotel is poisedto benefit from the sale of one…
Read MoreIs San Francisco a challenge or opportunity for hotel investors?
By Nellie Day | Nov 20, 2023 8:00am There are many who would argue that San Francisco’s facing an image problem. Alan X. Reay, president of Newport Beach, Calif.-based Atlas Hospitality Group, which specializes in the sale of California hotels, would be one of them. “The city has to completely change the perception of the rampant crime…
Read MoreRedlining Los Angeles
By: BRYNN SHAFFER | OCTOBER 23, 2023 It’s been six months since Measure ULA went into effect, and one thing is certain: sales volumes are dramatically down. In addition, many developers are looking to do more work outside of Los Angeles because of it. Enacted on April 1, Measure ULA, which stands for United to…
Read MoreRedlining Los Angeles: Sales Plunge Following Measure ULA’s Introduction
BY BRYNN SHAFFER | OCTOBER 16, 2023 It’s been six months since Measure ULA went into effect, and one thing is already certain: sales volume is dramatically down, and many local developers are looking to do more work outside of Los Angeles because of the measure. Enacted on April 1, Measure ULA, which stands for…
Read MoreSan Jose hotel along transit line is bought amid feeble lodging market
Bay Area hotel sales have tumbled into a slump By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: October 3, 2023 at 9:25 a.m. | UPDATED: October 4, 2023 at 6:59 a.m. SAN JOSE — A hotel along a light rail line in San Jose has landed local buyers, a reminder that some hotel sales are happening even in the…
Read MoreBig San Jose hotel gets finance boosts from lender as occupancy rises
Hotel shows upswing in guests after $60 million revamp By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: September 28, 2023 at 5:30 a.m. | UPDATED: September 28, 2023 at 1:59 p.m. SAN JOSE — A big hotel in San Jose has received financial boosts from its lender this year, hopeful indicators that the lodging facility has begun to recover…
Read MoreSan Francisco waiting for RevPAR, occupancy recovery
By Alicia Hoisington Sep 19, 2023 02:07pm San Francisco offers a diverse set of demand generators, such as popular tourist attractions like the Golden Gate Bridge, Fisherman’s Wharf and more. But the market has been slow to recover to pre-pandemic performance levels. That, paired with other financial factors, makes the outlook for the city’s hotel market…
Read MoreSan Francisco waiting for RevPAR, occupancy recovery
By Alicia HoisingtonSep 19, 2023 02:07pm San Francisco offers a diverse set of demand generators, such as popular tourist attractions like the Golden Gate Bridge, Fisherman’s Wharf and more. But the market has been slow to recover to pre-pandemic performance levels. That, paired with other financial factors, makes the outlook for the city’s hotel market a…
Read MoreRelevant Group seeks partner for Hollywood hotel project
Schrader Boulevard site has entitlements 203-key hotel SEP 13, 2023, 4:34 PM By Isabella Farr Relevant Group is looking for a joint venture partner in a fully entitled hotel site in Hollywood, The Real Deal has learned. Relevant has hired Cushman & Wakefield to market the Schrader hotel project to potential investors, according to marketing materials for the…
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