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...
56d0e3588ce8f_OC_State_of_Market_Development_Panel

Development in Platinum Triangle Urbanizing Anaheim’s Core

Bisnow 02/29/16 Development in Platinum Triangle Urbanizing Anaheim’s Core By Patricia Kirk https://www.bisnow.com/orange-county/news/mixed-use/development-in-platinum-triangle-urbanizing-anaheims-core-56641   The Development Panel at Bisnow’s recent Orange County State of the Market event focused on projects in Anaheim, which rezoned an 820-acre industrial district in 2004 to what is now known as the Platinum Triangle to allow high-rise residential and mixed-use...
Ritz_Carlton_Webby_t286

Hotel Sales Dollars Doubled in 2015

Orange County Business Journal 02/25/16 Hotel Sales Dollars Doubled in 2015 By Paul Hughes http://www.ocbj.com/news/2016/feb/25/hotel-sales-dollars-doubled-2015/   Fewer hotels sold for more money last year in Orange County. Twenty-seven hotels sold in 2015—down by three properties from 2014—but they traded hands for $1.75 billion—up 115% from the previous year’s $816 million, according to numbers from Irvine-based...