Study: 2019 a Record Year for Hotel Development

San Fernando Business Journal 01/01/20 Study: 2019 a Record Year for Hotel Development By Michael Aushenker http://sfvbj.com/news/2020/jan/10/study-2019-record-year-hotel-development/   The Atlas Hospitality Group 2019 Year-End California Hotel Development Survey found last year set a new record for the number of California hotel rooms opened. Some 92 new hotels opened in 2019 with 11,795 rooms and another...

Orange County Hotel Development Strong

Orange County Business Journal 01/09/20 Hotel Development Strong By Katie Murar https://www.ocbj.com/news/2020/jan/09/hotel-development-strong/ Three hotels opened in Orange County last year, one of which was the largest to open in the state in 2019, according to a year-end survey by Irvine-based Atlas Hospitality Group. The 352-room Cambria Hotel Anaheim Resort Area opened last summer. The other...

High Prices, Seller’s Market for OC Hotels

Orange County Business Journal 12/23/19 High Prices, Seller’s Market for OC Hotels By Katie Murar https://www.ocbj.com/news/2019/dec/23/2020-preview-hospitality-tourism California hotel sales hit record highs in 2019, with Orange County experiencing its priciest hotel sale to date. The Monarch Beach Resort traded for a record price of $497 million, or $1.2 million per room. That per-room price trails...