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.
Hotel Rates Fall to Lowest Level in 4 Years With one-third of all Orange County hotel rooms going empty, the average room rate fell 13 percent last year – that's an average of $19.53 a night, according to the lodging experts at PKF Consulting.
Hotel Sales Poised for Uptick, Lower Prices IRVINE, CA-Hotel sales in California this year have almost nowhere to go but up in terms of number of deals, but prices will continue to decline, according to a report from Atlas Hospitality Group. Atlas founder and president Alan Reay tells GlobeSt.com that his firm forecasts hotel sales to more than double this year in dollar volume from the $525 million total of 2009 sales. That $525 million in 2009 was down more than 75% from 2008 sales of more than $2.1 billion.
Century Plaza Redevelopment Plan Looks Inward for Value When 2000 Avenue of the Stars was built on the former site of the ABC Entertainment Center, the 12-story office tower's design included an opening that offers a straight view from between the Century Plaza Towers to the center of the curve of the Century Plaza Hotel.
Hotel Rates Have Biggest Drop Since Depression In 2009, hotel room rates in San Francisco and the nation suffered their biggest annual decline since the Great Depression, according to an analysis of recently released data.
Deep Debt Discounts Available in 2010 REPORT FROM THE U.S.—2010 is shaping up as a good year to find deeply discounted debt, real-estate experts say.
Golf Courses, Tennis Courts Used to Secure Discounted Note A loan discounted by more than two thirds isn't only secured by the buildings of the La Costa Resort & Spa, but the two golf courses, 17 tennis courts, a 1,000-seat tennis stadium and a private water park.
Hoteliers Face a Flat Market in 2010 California hotel owners and operators continue to push room rates down but see increasing occupancy and some higher revenue this year
La Costa Resort Debt Sold at Big Loss In a move that may stave off foreclosure for the La Costa Resort and Spa, a private equity fund has purchased $380 million in debt on the property at a steep discount from the lender.
Commercial Real Estate Woes Generate Business for Court The commercial real estate market is a mess and getting messier by the month, but local companies involved in the process of cleaning it up are enjoying the best of times.
Troubled Pleasanton Sheraton Sold The Sheraton Pleasanton Hotel, a prominent inn located next to Stoneridge mall that tottered into default and then foreclosure, has been bought by owners who plan to upgrade the complex.
Hotel Sales in Area Fell 57% in ’09 Sales of hotel properties in the county plummeted by more than 57 percent last year, the consequence of significant declines in spending by business and leisure travelers and widespread financial distress among hoteliers.
