The Hotel Industry Has Mixed Feelings About Opportunity Zones

Bisnow 02/03/19 The Hotel Industry Has Mixed Feelings About Opportunity Zones By Joseph Pimentel https://www.bisnow.com/los-angeles/news/hotel/alis-conference-the-hotel-industry-has-mixed-feelings-about-opportunity-zones-97297 When it comes to the new opportunity zone program that gives investors a hefty tax incentive in return for investing in designated opportunity zones that are in mostly low-income areas, many hotel executives are still leery of the federal program...

KT Urban’s Plan for Downtown San Jose Hotel Grows to 330 Rooms

The Registry 01/31/19 KT Urban’s Plan for Downtown San Jose Hotel Grows to 330 Rooms By Meghan Hall https://news.theregistrysf.com/kt-urbans-plan-for-downtown-san-jose-hotel-grows-to-330-rooms Cupertino, Calif.-based KT Urban’s original plans for its proposed luxury hotel at 8 North Almaden Blvd. have gotten an update, according to City of San Jose planning documents. The hotel, called Almaden Corner, was originally proposed...

OC Hotel Property Sales Down 30%

Orange County Business Journal 01/28/19 OC Hotel Property Sales Down 30% By Katie Murar https://www.ocbj.com/news/2019/jan/28/oc-hotel-property-sales-down-30/   The number of hotels sold last year in Orange County declined 30% to 16 with a cumulative value of $343 million, according to a report by Atlas Hospitality Group in Irvine. The average sale price dipped 3% to $21.4...