Shutdowns Put California Hotels on Track for Worst Year for Property Sales

https://product.costar.com/home/news/shared/39624890?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p2 Deals on Hold as Buyers, Sellers Figure Out New Normal for Valuations By Lou Hirsh CoStar News May 28, 2020 | 3:25 P.M. Coronavirus-related shutdowns have brought hotel property sales in California to a screeching halt this year, putting deal volumes on pace for their lowest year on record. Listings and purchases have dropped as...

With Hospitality Industry Looking Bleaker, Anaheim Focuses On Safely Reopening

May 20, 2020 Joseph Pimentel, Bisnow Los Angeles https://www.bisnow.com/orange-county/news/hotel/anaheims-hospitality-industry-looks-bleak-city-focusing-on-safely-reopening-104489 Before the coronavirus pandemic, the city of Anaheim was slated to embark on another record year. Disneyland’s Star Wars: Galaxy’s Edge had finally completed in January, the city was set to welcome six new hotels this year, the convention center was attracting more events and the...

Montage, Ritz-Carlton Sale Scrapped – Delayed Portfolio Deal Canceled

Montage, Ritz-Carlton Sale Scrapped DELAYED PORTFOLIO DEAL CANCELED By Katie Murar Monday, May 11, 2020 https://www.ocbj.com/news/2020/may/11/montage-ritz-carlton-sale-scrapped/ The blockbuster sale of two Orange County’s poshest resorts has been nixed, following months of delays and discord from both the buyer and seller. Korea’s Mirae Asset Financial Group said last week it is terminating its deal to buy a...