Posts Tagged ‘hospitalityindustry’

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

Home Away From Home BY GINA HALL | SEPTEMBER 11, 2023 Increased construction costs and high interest rates are taking a toll on hotel construction in Los Angeles and the rest of the state.  Los Angeles County still leads California in building new lodging, with 21 hotels and 2,329 rooms under construction the first half…