Covid-19 Is Taking a Toll on Plans for New Hotels

https://labusinessjournal.com/news/2020/aug/31/covid-19-taking-toll-plans-new-hotels/ By Hannah Madans Monday, August 31, 2020 Covid-19 has had a devastating impact on the hotel industry, and that pain has extended to the planning and construction of new hotels. So far this year in California, 35 hotels with a total of 3,500 new rooms have opened in the state, and 194 more hotels are...

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...