Posts Tagged ‘hotelnews’
Travel woes continue as multiple hotels file Chapter 11 bankruptcy
Two of the properties are owned by the Wyndham hospitality group. Veronika Bondarenko | Updated: Jun 17, 2025 6:06 AM EDT n the tourism and hospitality industry, the first six months of 2025 were dominated by a number of high-profile airline bankruptcies. Following a wider restructuring that will take the budget airline private, Spirit Airlines (SAVE) emerged just four…
Read MoreEmployers Fighting Wage Hike
In response to a new wage hike for hotel and certain airport workers, a group of business leaders plan to bring the issue to voters. By Howard Fine | June 16, 2025 Employers in L.A.’s tourism sector are trying to overturn the city’s newly enacted hike in the minimum wage for hotel and private sector airport…
Read MoreHistoric Hayes Mansion in San Jose carves out a hotel niche as it adapts to changing times
Opportunities and challenges await ‘beautiful ‘ old South Bay hotel By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News GroupPUBLISHED: June 1, 2025 at 5:00 AM PDT SAN JOSE — As it celebrates its 120th anniversary, the historic Hayes Mansion continues to navigate the tricky currents of the post-COVID economy and set itself apart from…
Read MoreLos Angeles hotel executives warn distress to follow wage hike
By Alena Botros Possibilities of firesales and spooked investors and developers loom The Los Angeles City Council will hold a final vote on a proposal to increase minimum wage for hospitality workers to $30 an hour by 2028 on Friday, May 23. If it passes, which most expect it will, and Mayor Karen Bass signs it,…
Read MoreTwo decades and $1.3 billion later, largest US hotel under construction becomes year’s biggest opening
By Lou Hirsh | CoStar News | May 21, 2025 | 1:45 P.M. One of the nation’s largest hotels to open in years is already making a splash just days after its San Diego debut. The Gaylord Pacific Resort & Convention Center, with 1,600 rooms, the West Coast’s biggest hotel ballroom and amenities including a water…
Read MoreStudy: 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…
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