Posts Tagged ‘hotelnews’
5 Things To Know for Feb. 7
Today’s Headlines: Frontier Airlines To Buy Spirit in $6.6 Billion Deal; Travel Industry Prepares for Endemic COVID-19; California Hotel Sales Break Multiple Records; Airfares Surge for Spring and Summer Travel; Future of Hotel Minibars Questioned in Age of Mobile Delivery https://www.costar.com/article/1421962403/5-things-to-know-for-feb-7 By Bryan Wroten | Hotel News Now February 7, 2022 | 7:23 AM Editor’s Note:…
Read MoreLarge-Scale Sales Shatter California Hotel Transactions Records
Survey Reports 510 Deals That Total Nearly $10 Billion https://www.costar.com/article/1977010959/large-scale-sales-shatter-california-hotel-transactions-records By Bryan Wroten | Hotel News Now February 7, 2022 | 6:29 AM By every measure, 2021 was a record year for California hotel deals. The California Hotel Sales Survey 2021 Year-End reports there were 510 hotel deals for the year, up 71% compared to 2020…
Read MoreHotel Sales, Post-Pandemic, Offer Economic Hope
https://www.connectcre.com/stories/hotel-sales-post-pandemic-offer-economic-hope/ California + San Diego + Hospitality | February 9, 2022 By: Jason Middleton The economic impact of the pandemic rippled through just about every economic sector, category and even household. Travel and hospitality, though, got walloped in 2020, and lingering bruising in 2021. The World Tourism and Travel Council expects a 6.2 percent jump from 2021’s overall tourism impact, globally. In the…
Read MoreHotel Industry Sees Record High Openings
BYHANNAH MADANS WELK FEBRUARY 14, 2022 https://labusinessjournal.com/special-reports/hotel-industry-sees-record-high-openings/ Pandemic-related travel restrictions are still being observed in many places, but you wouldn’t know it based on the number of hotel rooms that opened in the Golden State last year. In 2021, California set a record for the number of hotel rooms to open in a year, with…
Read MoreSan Diego Hotels Sold as California Investment Climate Gets More Hospitable
Orange County Investor Buys Two Properties in $72 Million Deal By Lou Hirsh | CoStar News February 11, 2022 | 2:44 P.M. https://product.costar.com/home/news/shared/24528047?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p9&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIxOTgzMzU2IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTY0NDg1MDEwNX0.ereO77EpmDRczmbj-TLkn_KnVw-BNlS13Wt-IaqouW0 Two hotels with nearly 300 combined rooms in San Diego’s Old Town neighborhood were sold for $72 million as hospitality property values have been rising across the state amid an improving tourism economy. Investor MIG…
Read MoreBay Area hotel buying binge sprouts, puts COVID in “rear-view mirror”
Investors launch shopping spree for Bay Area, California hotels By: GEORGE AVALOSGEORGE AVALOS | gavalos@comgavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: February 11, 2022 at 10:30 a.m. | UPDATED: February 14, 2022 at 2:39 p.m. https://www.mercurynews.com/2022/02/11/bay-area-hotel-buy-binge-covid-rear-view-mirror-economy-real-estate/ California’s the California’s hotel market experienced a boom year for sales activity, a surge that included the Bay and…
Read MoreL.A. Rising: Burbank
BY: HANNAH MADANS WELK | FEBRUARY 28, 2022 https://labusinessjournal.com/special-reports/l-a-rising-burbank/ Numerous projects are either under construction or in development in Burbank. Part of the Tri-Cities market, Burbank is a media and entertainment capital, counting Walt Disney Co., ViacomCBS and Warner Bros. among its employers, that has drawn more companies and prospective tenants to the area in…
Read MoreHyatt-branded Kissel Uptown Oakland hotel opens downtown
Building includes recreation of 1910s architecture formerly on the site San Francisco / March 07, 2022 01:30 PM TRD Staff https://therealdeal.com/sanfrancisco/2022/03/07/hyatt-branded-kissel-uptown-oakland-hotel-opens-downtown/ A Hyatt-branded hotel opened in downtown Oakland, hoping to take advantage of more travelers as the pandemic eases and more people return to the office. The 168-room Kissel Uptown Oakland at 2455 Broadway includes a recreation of the…
Read MoreDowntown Oakland Adding Two Marriott Brands
By: Jason Middleton California + Bay Area + Hospitality | March 11, 2022 https://www.connectcre.com/stories/downtown-oakland-adding-two-marriott-brands/ One hotel enters; two brands emerge. Two new Marriott-branded hotels are slated to open in downtown Oakland later this year. Expected to add 276 new rooms, the 18-story hotel at the corner of Jefferson and 15th streets, first reported by the Mercury News. Hawkins Way Capital bought…
Read MoreNew hotel and apartment building with rooftop lounge now open in Uptown Oakland
By Wesley Severson – Published on March 11, 2022. https://hoodline.com/2022/03/new-hotel-and-apartment-building-with-rooftop-lounge-now-open-in-uptown/ A new hotel and apartment complex with a rooftop lounge is now open for guests and renters in Oakland’s Uptown District, at 2455 Broadway. The 168-room hotel portion of Kissel Uptown Oakland is operated by Hyatt as part of its Unbound Collection of lodging establishments. The 74-unit apartment portion…
Read MoreLA Hotels Sales Spike in 2021, Bookings Still Recovering
BY: HANNAH MADANS WELK | MARCH 7, 2022 https://labusinessjournal.com/real-estate/large-number-of-l-a-hotels-sold-in-2021/ Hotel sales spiked in 2021 even as room bookings failed to hit pre-pandemic levels. In L.A. County, hotel transactions increased 26.2% from 61 to 77. Total dollar volume, meanwhile, rose a staggering 145.5% to $1.9 billion, the highest of any county in California, according to data…
Read MoreBig San Jose hotel sets early April reopening, ends one-year shutdown
Owner of Signia by Hilton hotel in San Jose says early April date is “firm” By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: March 14, 2022 at 8:30 a.m. | UPDATED: March 14, 2022 at 4:26 p.m. SAN JOSE — A big hotel in downtown San Jose that’s been closed for about a year has set a “firm date”…
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