Sofitel San Francisco Bay Redwood City

CBRE Global Snaps Up High-Profile Peninsula Hotel

San Francisco Business Times 12/02/15 CBRE Global Snaps Up High-Profile Peninsula Hotel By Nathan Donato-Weinstein http://www.bizjournals.com/sanfrancisco/morning_call/2015/12/redwood-city-sofitel-hotel-acquisition-cbre-global.html The Bay Area’s booming hospitality sector means more development, higher room rates — and property sales. Case in point: Redwood City’s Sofitel San Francisco Bay has just sold to CBRE Global Investors, which paid $154.5 million for the 421-room...
06.dp.downtown.0201.per

Hotel Mantra: Bigger Is Better, as a Travel Boom and Rising Room Rates Lead to Merger Mania

Orange County Register 11/16/15 Hotel Mantra: Bigger Is Better, as a Travel Boom and Rising Room Rates Lead to Merger Mania By Jonathan Lansner http://www.ocregister.com/articles/hotel-692351-hotels-percent.html No business has been hotter than hotels coming out of the recession – and the money chasing that momentum has been equally impressive. Monday brought another megadeal to the industry,...
Kimpton Sac

Construction Timeline for Sacramento Kings Hotel Tower Is Slipping

Sacramento Business Journal 11/23/15 Construction Timeline for Sacramento Kings Hotel Tower Is Slipping By Ben van der Meer http://www.bizjournals.com/sacramento/blog/morning-roundup/2015/11/is-slipping.html   The cranes are in place, site work is underway and some tenants have been announced for the 16-story mixed-use tower opposite Golden 1 Center. Described as a complement to the arena, the tower is a...