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AtlasAuthor
2020-10-22Posted on
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AtlasAuthor
2020-10-22Posted on
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Developers plan 96-key Koreatown hotel

https://therealdeal.com/la/2020/10/20/developers-plan-96-key-koreatown-hotel/ Six-story project proposal comes as LA hotels continue to struggle to fill rooms TRD LOS ANGELES / October 20, 2020 11:50 AM By Dennis Lynch | Research By Jerome Dineen Hotel construction projects in California may be struggling right now, but a pair of Los Angeles developers are looking to the future. A newly-proposed development calls for a 96-key hotel to rise on...
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AtlasAuthor
2020-10-21Posted on
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AtlasAuthor
2020-10-21Posted on
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Hotel Industry’s Lost Momentum

https://www.ocbj.com/news/2020/oct/19/hotel-industrys-lost-momentum/ SIX OPEN IN 2020; FUTURE PLANS IN DOUBT By Katie Murar Monday, October 19, 2020 2020 has been the hardest time for local hotels in recent history, due to the impact of the pandemic on travel, according to longtime industry observers. “California hotels were on a very steep curve in 2018 and 2019 across...
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2020-10-20Posted on
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AtlasAuthor
2020-10-20Posted on
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Two Silicon Valley hotels default on mortgages amid coronavirus-linked lodging slump

https://www.mercurynews.com/2020/10/19/silicon-valley-hotel-default-loan-coronavirus-slump-real-estate-tech/ Sunnyvale hotel, Mountain View hotel, fall behind on mortgage By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: October 19, 2020 SUNNYVALE — Two hotels in Silicon Valley have defaulted on their mortgages and face murky futures, fresh evidence that the economic woes unleashed by the coronavirus may widen. A mortgage on the hotels, one in Sunnyvale...
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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
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