Posts Tagged ‘hotelnews’

https://www.costar.com/article/1192957393?utm_source=newsletter&utm_medium=email&utm_campaign=hospitality&utm_content=p6 First Half of 2021 Saw Record Number of Deals, Dollar Volume By Bryan Wroten Hotel News Now August 5, 2021 | 5:29 AM The California hotels transaction market has rebounded from the coronavirus pandemic faster than expected. “I’ve never seen a stronger seller’s market than what we have right now,” Atlas Hospitality Group President Alan…

https://napavalleyregister.com/news/local/napa-s-meritage-and-vista-collina-resorts-for-sale-price-could-top-500-million/article_8dcf5388-2f46-5bd6-9ed4-1807ebb6320d.html Jennifer Huffman Jul 28, 2021 | Updated Aug 2, 2021 Between this Wednesday and Friday, a different kind of visitor is expected at Napa’s Meritage and Vista Collina resorts. Instead of vacationers, potential buyers were invited to tour the properties. The resorts, totaling 467 rooms over 36 acres, are for sale. An asking price was not provided. However,…

https://www.ocbj.com/news/2021/aug/02/oc-hotel-openings-2021-outpace-20-and-19/ 613-ROOM WESTIN AMONG SIX TO OPEN THROUGH JUNE By Katie Murar Monday, August 2, 2021 After a slowdown in hotel openings in 2020, six hotels totaling 1,159 rooms opened in Orange County for the first half of this year, the latest sign of an industry rebound, according to a midyear development report by Irvine-based Atlas…

https://spectrumnews1.com/ca/orange-county/business/2021/07/26/anaheim–la-hotel-occupancy-up–but-delta-variant-could-deal–serious-blow–to-the-local-hotel-industry BY JOSEPH PIMENTEL ORANGE COUNTY PUBLISHED 6:27 PM PT JUL. 26, 2021 ANAHEIM, Calif. — Just as things began to look up for the hospitality industry, the delta variant could upend its momentum. While not at pre-COVID levels yet, occupancy, daily rates and revenue have all increased for hotels in Los Angeles and Anaheim since California…

https://www.bizjournals.com/sanfrancisco/news/2021/07/22/pebblebrook-hotel-sell-union-square.html By Alex Barreira  Staff Reporter, San Francisco Business Times Jul 22, 2021 Updated Jul 23, 2021, 10:46am PDT San Francisco’s second-largest hotel owner, Pebblebrook Hotel Trust, has agreed to sell its 189-room Villa Florence San Francisco Union Square for $87.5 million, or $462,963 per key, to an undisclosed buyer. The transaction will mark the second hotel unloaded…

https://www.mercurynews.com/2021/07/20/bankrupt-hotel-downtown-san-jose-not-reopen-2021-real-estate-covid/ Owner of Fairmont hotel wants until at least this fall to file new plan to revamp hotel’s finances By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: July 20, 2021 at 9:36 a.m. | UPDATED: July 20, 2021 at 9:56 a.m. SAN JOSE — A bankrupt hotel in downtown San Jose might not reopen until December — if then…

https://www.northbaybusinessjournal.com/article/article/california-hotel-construction-booms-but-fewer-are-planned/ GARY QUACKENBUSH FOR THE NORTH BAY BUSINESS JOURNAL July 22, 2021, 11:03AM Hotel construction is booming across California as well as in the North Bay, according to a new report by a real estate brokerage specializing in such properties. Fifty-one new hotels with 7,168 rooms have opened statewide so far this year, representing a…

https://www.costar.com/article/1156168595?utm_source=newsletter&utm_medium=email&utm_campaign=hospitality&utm_content=p1 Pandemic-Related Hurdles Slow New Projects By Bryan Wroten Hotel News Now July 19, 2021 | 6:28 AM California’s hotel development trends are showing the effects of both recovering demand as well as lasting pandemic challenges. The number of hotels that opened in California in the first half of 2021 increased 46% year over year, but…

https://www.bizjournals.com/sanfrancisco/news/2021/07/19/santa-clara-hotel-boom-construction-pipeline-new.html By Alex Barreira  Staff Reporter, San Francisco Business Times July 19, 2021 Through the first half of the year Santa Clara County is Northern California’s leading submarket for new hotels, with more new properties opening up, under construction and in planning than anywhere else in the Bay Area and nearly the same for the rest…

https://www.bizjournals.com/sanfrancisco/news/2021/07/13/park-hotels-adagio-meridien-sales-price-urban-sf.html By Alex Barreira  –  Staff Reporter, San Francisco Business Times Jul 13, 2021 Updated Jul 13, 2021, 3:08pm PDT Two more large San Francisco hotels are changing hands, with Park Hotels & Resorts announcing Tuesday it is selling the 360-room Le Meridien San Francisco and the 171-room Hotel Adagio in separate transactions to undisclosed buyers. But rather than…

https://www.ocbj.com/news/2021/jul/05/anaheims-allure-200m-hotel-sales-region/ TOURISM: DOUBLETREE, CANDLEWOOD ARE LATEST HOTELS TO TRADE By Katie Murar Monday, July 5, 2021 A pair of hotels in the vicinity of the Anaheim Resort region have traded hands in separate deals topping $100 million, the Business Journal has learned. The two deals, coming on the heels of three other recent transactions previously reported in…

https://www.ocbj.com/news/2021/may/10/sunstone-hotel-seller-no-more/ HOSPITALITY: $265M FOR WINE COUNTRY RESORT By Katie Murar Monday, May 10, 2021 After a selling season that spanned nearly four years, Sunstone Hotel Investors has returned to the market as a buyer, spending $265 million for a recently built hotel in Northern California that’s tops for the state since the onset of the pandemic. The…