Milpitas Hotel Site

Milpitas Selling Land to Hotel Developer; Expert Calls It a Great Site but Pricey Deal

Silicon Valley Business Journal 03/10/16 Milpitas Selling Land to Hotel Developer; Expert Calls It a Great Site but Pricey Deal http://www.bizjournals.com/sanjose/news/2016/03/10/milpitas-selling-land-to-hotel-developer-expert.html   A Utah-based hospitality group is poised to pick up a 3.3-acre site in Milpitas that’s in the thick of corporate campuses and highly-trafficked roads, and it has Gov. Jerry Brown to thank for...
Hilton HB

Huntington Beach Hilton to Undergo $140 Million Expansion, Adding New Tower

The Orange County Register 03/01/16 Huntington Beach Hilton to Undergo $140 Million Expansion, Adding New Tower By Hannah Madans http://www.ocregister.com/articles/beach-706366-resort-waterfront.html   The Waterfront Beach Resort, a Hilton property in Huntington Beach, has completed a $140 million financing deal to add a suites-only tower. Irvine-based Robert Mayer Corp. owns the 290-room resort. The changes will include...
Fairmont Grand del Mar

Hotel Sales Flat, Values Way Up

The San Diego Union-Tribune 02/29/16 Hotel Sales Flat, Values Way Up By Lori Weisberg http://www.sandiegouniontribune.com/news/2016/feb/29/hotel-sales-down-california-values-rising/   The pace of hotel acquisitions last year may have slowed statewide, but the prices investors were willing to pay for established properties rose significantly, contributing to a record $9.5 billion in sales in California. The rising value of lodging...