Anaheim’s Sheraton Park Sells for $51M

Orange County Business Journal 01/27/20 Anaheim’s Sheraton Park Sells for $51M HOSPITALITY: LATEST CHANGE TO CONVENTION AREA By Katie Murar https://www.ocbj.com/news/2020/jan/27/anaheims-sheraton-park-sells-51m   One of Orange County’s largest hotels, located on the Anaheim Convention Center campus, is set for a facelift after a recent sale. The deal and upcoming work to the property, along with other...

After Record 2019, California Hotel Openings Could Slow

HotelNewsNow 01/24/20 After Record 2019, California Hotel Openings Could Slow The latest California hotel development survey showed a record-number of openings, but increasing construction costs, a complicated entitlement process and supply concerns cast some doubt on more record-setting years in the near future. By Bryan Wroten http://www.hotelnewsnow.com/Articles/299975/After-record-2019-California-hotel-openings-could-slow REPORT FROM THE U.S.—With a record 11,795 hotel...

Around LAX, Office-to-Hotel Conversions Are Catching On

The Real Deal 01/22/20 Around LAX, Office-to-Hotel Conversions Are Catching On By Tina Daunt https://therealdeal.com/la/2020/01/22/around-lax-office-to-hotel-conversions-are-catching-on/ A developer wants to convert a Westchester office building into a 356-key hotel, hoping to get in on the fast-developing area around Los Angeles International Airport. Miracle Mile Holdings LLC has filed an application with city planning to repurpose the...