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- Hotel Foreclosures: California Resorts to Follow Phoenix
- My travel roundup on Monday mentioned the trouble metro Phoenix resorts are facing -- foreclosure. While Phoenix's hotel industry is imploding, California's resorts also seem to be crumbling. According to a report by GlobeSt, the Golden State's hotel foreclosures have jumped 125 percent in the last two months....
- Blog posts 2009-06-30
Additional Resources
- Hotel Sales Slowed in 2007, Handful of $100M-Plus Deals
- Orange County hotel sales slowed last year along with the overall economy. In all, there were 18 transactions in 2007, compared to 28 in 2006, a 36% drop. That's according to preliminary year-end sales data from Irvine-based Atlas Hospitality Group. Seven of the top 10 deals were sealed by July,...
- Research articles 2008-03-10
- California's Hotel Foreclosures Triple
- Atlas Hospitality Group, a commercial real estate brokerage in Irvine, Calif. specializing in hotels, reported that in the first nine months of 2009, hotel foreclosures more than tripled from 15 in 2008 to 47. Hotels in default also quadrupled to 259. Most of the troubled hotels were in Southern California, with more than 70 percent of...
- Blog posts 2009-10-07
- Distressed Hotels Abound, and Some are Trying to Capitalize
- Hotel industry insiders are predicting relief for the industry starting in 2011. Until then, hotel property prices continue to fall, and well-capitalized companies are either entering into management contracts with underperforming hotels or trying to buy distressed ones. Crescent Hotels & Resorts recently announced eight new management...
- Blog posts 2009-06-02
- Tourism, Investor Rebound Spur Pick Up in Hotel Sales
- Orange County hotel sales are back. Nineteen hotels changed hands in the first half of the year, versus 13 a year earlier, according to Costa Mesa-based Atlas Hospitality Group. That's the highest sixmonth total since 2001. Atlas President Alan Reay said the pick up in hotel sales comes from pent-up...
- Research articles 2004-11-22
- Less Is More
- Slightly Fewer OC Hotels Sold Last Year, But Prices for Those Sold Nearly Tripled Orange County hotel sales were brisk in 2006. But the real story was sales prices. Twenty-seven hotels changed hands last year, versus 29 in 2005, according to preliminary 2006 sales data from Irvine-based Atlas...
- Research articles 2007-03-05
- OC Commands Highest Price for Hotel Amid Slowing Sales
- The pace of California hotel sales slowed dramatically in the first half of 2007, according to a report from Irvine-based Atlas Hospitality Group. But that doesn't mean prices are coming down. Orange County posted the largest and most expensive transaction with the $160 million sale of the 1,572-room Hilton Anaheim...
- Research articles 2007-10-29
- San Diego County, Calif., Tops State in New Hotel Construction in 2003.
- By Adam Eventov, The Press-Enterprise, Riverside, Calif. Knight Ridder/Tribune Business News Mar. 23--Hotel growth in the Inland Empire was strong in 2003, but new development in the region couldn't match San Diego County's state-leading construction boom. San Diego County...
- Research articles 2004-03-23
- Santa Ana Firm Gets Renovation Contracts
- Hotel Installation & Design Inc., Santa Ana, announced it has won renovation contracts for the Carson Hilton Inn and the Clarion Hotel, Simi Valley, totaling almost $1 million. The Carson Hilton Inn is owned by San Clemente-based Sunstone Hotel Investors; the Simi Valley property is managed by Costa Mesa-based Atlas...
- Research articles 1998-04-13
- Big hotel under construction to lure more business to San Diego: county leading California with some 3,000 rooms
- Building cranes and hard-hat crews are fast at work completing construction on a slew of hotels in Southern California, and San Diego County is apparently seeing the greatest amount of activity. In the first half of the year, seven hotels were under construction in the county with a total...
- Research articles 2006-07-24
- Total Sales Inch Higher, With Irvine Marriott Leading at $92.5 Million
- Orange County hotel sales inched higher in 2004 for the first time since 1999. Overall, 30 hotels changed hands last year, versus 28 a year earlier. While the increase in the number of sales was slight, the top two sales alone totaled $173.5 million, exceeding the total sales for all...
- Research articles 2005-03-07
- High dollar del: new loan places the historic Hotel del Coronado in a class all its own
- Deutsche Bank's $610 million floating-rate mortgage loan on the historic Hotel del Coronado places its value at $745 million--more than $1 million per room--and has set an all-time high for any hotel in the state. "We've not seen anything sell for over $1 million per room in California history,"...
- Research articles 2006-01-23
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