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.
Mission Plaza Hotel & Suites Sold IRVINE, Calif., September 1 / -- Atlas Hospitality Group announced the sale of the lender-owned Mission Plaza Hotel & Suites near SeaWorld in San Diego, California. Atlas Senior Vice Presidents Tim L. Edgar and Sachin J. Shah represented both the seller, an affiliate of Miami-based special servicer LNR Partners, Inc., and the buyer, an affiliate of Reven Capital and Jet Stream Hotels & Resorts.
Mission Plaza Hotel in San Diego Has New Owners Mission Plaza Hotel & Suites in San Diego, which was foreclosed on earlier this year by its lender, has been sold to an affiliate of La Jolla-based Reven Capital and Jet Stream Hotels & Resorts.
Mission Plaza Hotel Sold The San Diego Mission Plaza Hotel & Suites, which fell into foreclosure earlier this year, has been purchased by a San Diego investment group that has been looking to start acquiring hotel properties.
Hotel Sales Show Investors Lose Some, Win Some IRVINE, CA-Prime Hospitality LLC has acquired the 299-room Marriott Ontario Airport hotel in a sale that was brokered by locally based Atlas Hospitality Group on behalf of the hotel's receiver―and a deal that reflects how some of the same owners and investors who are losing their properties in defaults and foreclosures these days are buying other properties. For example, the owner who lost the Ontario Marriott was San Clemente-based Sunstone Hotel Investors, a REIT that is now buying other properties.
Park Hyatt Aviara in Danger of Going into Default In yet another sign of the troubled luxury hotel market, owners of the Park Hyatt Aviara resort in Carlsbad are close to defaulting on their $186 million loan, which has been moved into special servicing.
Hotel Deals Generate 615% More Revenue Hotels have become hot properties in Orange County and across the state, with deals and sales dollars up significantly, Irvine-based Atlas Hospitality Group reported this week.
Hotel Sales Zoom, $580M Deal May Be in Works IRVINE, CA-The number of hotel sales in California rose by 57% to and dollar volume climbed 155% to more than $631 million in the first half of this year, according to a new report from Irvine-based Atlas Hospitality Group. Alan Reay, founder and president of Atlas, tells GlobeSt.com that the spike in hotel sales was expected but that the first-half numbers for 2010 could be eclipsed if the 1,651-room Manchester Hyatt in San Diego is sold.
California Hotel Sales Skyrocket in First Half The volume and dollar value of hotel sales in California increased dramatically in the first half of this year, according to a report by Irvine-based hotel broker Atlas Hospitality Group.
Marriott Ontario Airport Sold IRVINE, Calif., Aug. 18 / -- Atlas Hospitality Group President Alan X. Reay is pleased to announce that Atlas has sold the Marriott Ontario Airport in Ontario, California. Prime Hospitality LLC purchased the hotel.
Hotel Sales Up in California California hotel sales jumped 59% in the first six months of the year, according to a recent analysis published by Atlas Hospitality Group, a hotel brokerage. Large transactions, which Atlas defines as $5 million or more, grew 16.7% in individual sales and 229% in dollar volume in the first half of the year.
