Napa Marriott to be sold for $100 million

https://napavalleyregister.com/business/napa-marriott-to-be-sold-for-100-million/article_6c585b9a-03f6-56d0-ad3a-0afd034bf8f1.html Jennifer Huffman   Aug 28, 2020 The Marriott Napa Valley Hotel & Spa is soon to have a new owner. Xenia Hotels & Resorts, the current owner of the property, announced it has entered into an agreement to sell the 275-room Marriott for $100 million. The deal should close “before the end of the third...

California’s Hotel Construction Pipeline Slows in 2020

https://ftnnews.com/accommodation/40149-california-s-hotel-construction-pipeline-slows-in-2020 By: Özgür Töre  August 26, 2020 California’s new hotel construction has slowed somewhat from the record-breaking pace set in the first half of 2019, according to the 2020 Mid-Year California Hotel Development Survey. Atlas Hospitality, specialized in the sale of California hotels, released the results of the survey that reveals the total number of...

Study: California hotel construction outlook is bleak

https://therealdeal.com/la/2020/08/20/study-california-hotel-construction-outlook-is-bleak/ Hotels under construction are distressed, while planned projects get nixed TRD LOS ANGELES / By Matthew Blake          August 20, 2020 02:04 PM A report on California hotel construction found there soon will be no hotel construction. “We are forecasting that the vast majority of hotel projects in planning will simply not get built,” concludes Atlas...