Posts Tagged ‘hotelnews’
Study: SF hotel market begins rebound
RevPAR bottomed in 2024, now 2025 convention bookings are up 50 percent San Francisco’s hotel market is rebounding after bottoming out in 2024, driven by renewed international demand and major upcoming events, according to a new JLL report. By Vishnu Rageev R. | Apr 08, 2025 San Francisco Hotel Market Recovery 2025: JLL Report Highlights SAN…
Read MoreNative American casino hotels are doing well in California
by advertising April 4, 202570 Gambling is an incredibly popular pastime in California, with many punters either using online casinos or visiting their brick-and-mortar counterparts to feel the thrill of the game. As such, the state is a prime location for casino hotels, with many of these institutions regularly welcoming gamblers from across the globe. Although…
Read MoreBay Area hotel market languishes far below pre-COVID levels
Downtown San Jose shows recent strength in hopeful indicator By George Avalos | gavalos@bayareanewsgroup.com | Bay Area News Group UPDATED: March 31, 2025 at 7:30 AM PDT SAN JOSE — As Bay Area hotels remain well below the lofty levels of success they had achieved before the onset of lockdowns to combat the spread of COVID-19, some lodging hubs in…
Read MoreLaguna Hills hotel sells for $17 million
121-room lodge bought by Lake Forest hospitality firm By Parimal M. Rohit | March 17, 2025 A 121-room hotel that offered discounted rates for victims of January’s fires in Pacific Palisades and Altadena was sold for nearly $17 million, or $140,083 per room, according to CoStar data. Laguna Hills Lodge, the independently branded economy class…
Read MoreBay Area hotel converts into housing for 700 people
SFGATE contributor Randy Diamond recaps the latest in San Francisco hotel news for the column Get a Room The Ferry Building in San Francisco during sunset. This week in Get a Room, SFGATE’s roundup of news on hotels, we start by examining 2024 hotel openings across California.Joe Daniel Price/Getty Images By Randy Diamond, Freelance Writer |…
Read MoreBuyer Selected for $725MM Mortgage on Hilton San Francisco Union Square, Parc 55 Hotels
March 10, 2025 By Kate Snyder San Francisco’s hospitality landscape is bracing for a significant shift as two of its largest hotels. The 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco are slated to soon have a new owner with the recent selection of a buyer for more than half a…
Read More$725M Parc 55, Hilton Union Square debt finds buyer
Emily Landes | Thu, March 6, 2025 at 4:30 PM PST 6 min read An unknown buyer has snapped up the $725 million in debt on two of San Francisco’s largest hotels, according to servicer commentary. Virginia-based Park Hotels walked away from the 1,921-room Hilton San Francisco Union Square and 1,024-room Parc 55 San Francisco in 2023 and…
Read MoreLA County hotel development balks at inflation, interest rates
Despite statewide hospitality doldrums, LA has 23 hotels with 2,833 rooms under construction: Atlas Mar 5, 2025, 7:00 PM By TRD Staff While hotel development across the state has stalled, Los Angeles leads in new hotel openings and lodging under construction ahead of the 2026 FIFA World Cup and 2028 Olympics. Los Angeles County had…
Read MoreHospitality: Development Stalls
As inflation drives up construction costs, the development of new hotels in Los Angeles County has stalled. By Gina Hall | March 3, 2025 Hotel development in California slowed in 2024 and is likely to stay sluggish in 2025 as investors remain concerned about rising interest rates and the high cost of construction. A new survey…
Read MoreHospitality: Hotel Sales Fall
Hotel transactions fell 58% last year, and that trend is expected to continue. By Gina Hall | March 3, 2025 Los Angeles County hotel sales plummeted in total dollar volume in 2024 compared to the previous year driven by higher financing costs and increased operational expenses. The total dollar volume of Los Angeles hotel sales…
Read MoreBay Area hotel defaults on loan after $40M basketball facility renovation
Oakland Marriott City Center, the city’s largest downtown hotel, is defaulting on its loan. By Olivia Harden, Travel Reporter Feb 22, 2025 In another blow to Oakland’s tourism industry, the largest hotel in the city’s downtown is defaulting on its loan. The owners of the Oakland Marriott City Center, a 500-room hotel on Broadway, defaulted on its $100 million loan from…
Read MoreExperts hope for a quick recovery for LA’s tourism economy
Michelle Lhooq | BloombergPublished 11:03 a.m. ET Feb. 17, 2025 On a rainy afternoon in early February, Hodari Sababu, the cowboy-hat-donning owner of LA Hood Life Tours, isn’t running his usual assortment of van excursions to hip-hop and Hollywood landmarks. “People are scared to come to LA right now,” he says, seated at a booth…
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