Pandemic Causes Record Decline in California Hotel Property Sales

https://product.costar.com/home/news/shared/142961870?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p4 Loan Distress for Some Owners Could Create Rare Bargains for Future Buyers By Lou Hirsh CoStar News September 3, 2020 | 6:25 P.M. California hotel property sales are on track to have their lowest year ever, following a record decline in sales as the coronavirus pandemic stalled tourism and real estate activity. The dollar volume...

Atlas report paints grim picture for hotel industry

San Diego Daily Transcript Wednesday, September 2, 2020 By Thor Kamban Biberman The California hotel sales market has suffered the steepest decline in sales on record due to the COVID-19 pandemic, according to Atlas Hospitality Group, and it may not be getting better anytime soon. The number of San Diego County hotel transactions in the...

Pressures of pandemic slow California hotel pipeline

https://www.hotelnewsnow.com/articles/304224/Pressures-of-pandemic-slow-California-hotel-pipeline 01 SEPTEMBER 2020 8:04 AM Projects continue to enter and remain in California’s hotel construction pipeline, but the reality of the coronavirus pandemic is that many projects will never be completed. By  Bryan Wroten bwroten@hotelnewsnow.com @HNN_Bryan REPORT FROM THE U.S.—California hotel development slowed over the first six months of 2020, but the full impact...