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  When The
Press
wants to know what's happening, they call Alan Reay at Atlas. Regarded as an expert source on the hospitality marketplace, Atlas Hospitality Group has received nationwide coverage in a variety of publications. From the Wall Street Journal to city newspapers, such as the Los Angeles Times, and Orange County Register, from business journals including the San Diego Business Journal, The Orange County Business Journal, and the Los Angeles Business Journal to trade publications such as California Real Estate Journal, Western Real Estate News (WREN), Real Estate Forum, Hotel Business News, Hotel & Motel Management and AAHOA Magazine, the press has published articles quoting Atlas brokers and studies. Atlas publishes bi-annual indepth surveys of the hotel industry-sales and new development. |
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 California Hotel Foreclosures Jump in 2011
The number of California hotels foreclosed on jumped 66% last year, but the bloodletting is expected to diminish in coming months as the hospitality industry gets back on its feet.
Hotel Foreclosures, Defaults Easing
As the lodging industry continues to mount a strong recovery, fewer hotels last year fell into foreclosure, a major turnaround from the financial distress of 2009 and 2010.
Hotel Foreclosures Jump in 2011
The number of hotels in foreclosure leaped 66.7 percent in 2011 from 2010 in California, and San Diego County had more hotel foreclosures than any other county, a report from a hotel consultant said Wednesday.
Price Revealed on Sale of La Jolla's Estancia Hotel
The 210-room Estancia La Hotel & Spa, which was acquired last week by an Orange County company, sold for $41.7 million, according to the San Diego County Recorder's Office.
Even though the four-diamond hotel sits on land leased by UC San Diego, the buyer, Pacific Hospitality Group, clearly negotiated a good deal, believes broker Alan Reay of Atlas Hospitality Group, which tracks California hotel sales.
Irvine Firm Buys Estancia La Jolla Hotel
Irvine-based Pacific Hospitality Group LLC announced on Dec. 1 that it has acquired the 210-room Estancia La Jolla Hotel & Spa. The property at 9700 N. Torrey Pines Road had been placed on the market in June by the seller, Los Angeles-based Lowe Enterprises.
Four-Diamond La Jolla Hotel Sold
The four-diamond Estancia La Jolla Hotel & Spa was sold to an Irvine-based private firm for an undisclosed amount Wednesday making it one of the few hotel sales in the second half of the year.
The sale of the 210-room Spanish hacienda-style hotel located on Torrey Pines Road in La Jolla to the Pacific Hospitality Group was one of the few hotel sales in San Diego in the last six months, said Alan Reay of Atlas Hospitality Group, which tracks California hotel sales.
Independent Hoteliers Find New Solutions in Tough Times
PALO ALTO, Calif., Dec. 1, 2011 /PRNewswire/ -- It's a tough time for independent hotels. The anemic recovery may just have stalled. Lenders won't return phone calls. Competing for frequent travelers has never been tougher, as big brands creep into the independent's backyard with new mass-produced boutiques like Aloft and Indigo. It's enough to keep an independent hotelier up at night. And there may be reason for that insomnia. Hotel broker Atlas Hospitality estimates independents represent 71% of the California hotels in foreclosure.
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