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AtlasAuthor
2021-04-10Posted on
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AtlasAuthor
2021-04-10Posted on
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Will California hotels get back to normal? This expert says yes

https://www.ocregister.com/2021/03/29/will-california-hotels-get-back-to-normal-this-expert-says-yes/ “The amount of interest that we’re now receiving from buyers is incredible. In some respects, it’s as if COVID never happened,” says Alan Reay. By SANDRA BARRERA | sbarrera@scng.com | Los Angeles Daily News PUBLISHED: March 29, 2021 at 8:00 a.m. | UPDATED: March 29, 2021 at 8:01 a.m. Like so many people, Alan Reay can’t wait to check-in, again. Reay is...
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2021-04-10Posted on
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2021-04-10Posted on
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Real estate: Upscale Menlo Park hotel is seized through foreclosure

https://www.mercurynews.com/2021/04/02/real-estate-upscale-menlo-park-hotel-seized-foreclosure-covid/ Boutique Menlo Park hotel in default on mortgage is auctioned off By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: April 2, 2021 at 5:45 a.m. | UPDATED: April 2, 2021 at 4:23 p.m. MENLO PARK — An upscale Menlo Park hotel whose owners had defaulted on a property loan has been seized through foreclosure of its loan, a...
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2021-04-10Posted on
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Sac, West Sac paid millions over appraised values for two motels under Homekey program

https://www.bizjournals.com/sacramento/news/2021/04/01/homekey-appraised-values.html By Renata Geraldo  –  Data Reporter Sacramento Business Journal Apr 1, 2021, 3:14pm EDT The cities of Sacramento and West Sacramento paid a total of almost $5 million above appraised market values for two motels they acquired under the Homekey program, a $600 million statewide project to purchase motels and convert them into housing for unhoused...
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    Atlas Hospitality Group, which specializes in the sale of California hotels, was founded by Alan X. Reay in 1997. Since its inception, Atlas has sold more hotels in the state than any other brokerage firm.

    ATLAS IN THE PRESS
    • COVID hospitality: Two Silicon Valley hotels head for auction block and foreclosure 2021-04-28 0 Comments
    • Gov. Newsom’s Economic Reopening Announcement Isn’t The Defining Moment CRE Needs 2021-04-16 0 Comments
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