Anaheim, LA hotel occupancy up, but delta variant could upend industry’s momentum

https://spectrumnews1.com/ca/orange-county/business/2021/07/26/anaheim–la-hotel-occupancy-up–but-delta-variant-could-deal–serious-blow–to-the-local-hotel-industry BY JOSEPH PIMENTEL ORANGE COUNTY PUBLISHED 6:27 PM PT JUL. 26, 2021 ANAHEIM, Calif. — Just as things began to look up for the hospitality industry, the delta variant could upend its momentum. While not at pre-COVID levels yet, occupancy, daily rates and revenue have all increased for hotels in Los Angeles and Anaheim since California...

Pebblebrook inks deal to sell another Union Square hotel for $87.5 million

https://www.bizjournals.com/sanfrancisco/news/2021/07/22/pebblebrook-hotel-sell-union-square.html By Alex Barreira  Staff Reporter, San Francisco Business Times Jul 22, 2021 Updated Jul 23, 2021, 10:46am PDT San Francisco’s second-largest hotel owner, Pebblebrook Hotel Trust, has agreed to sell its 189-room Villa Florence San Francisco Union Square for $87.5 million, or $462,963 per key, to an undisclosed buyer. The transaction will mark the second hotel unloaded...

Bankrupt hotel in downtown San Jose might not reopen in 2021

https://www.mercurynews.com/2021/07/20/bankrupt-hotel-downtown-san-jose-not-reopen-2021-real-estate-covid/ Owner of Fairmont hotel wants until at least this fall to file new plan to revamp hotel’s finances By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: July 20, 2021 at 9:36 a.m. | UPDATED: July 20, 2021 at 9:56 a.m. SAN JOSE — A bankrupt hotel in downtown San Jose might not reopen until December — if then...