Demand Intensifying for Silicon Valley Hotels

Real Estate Alert 07/01/15 Hotel owners in the Silicon Valley area have responded to strong investor demand by offering nearly a half-dozen properties in recent weeks. Investors have shown that they’re eager to snap up properties in Silicon Valley and the greater San Francisco Bay Area, where hotels have posted substantial gains in revenue and...

Record Room Prices Tempt Developers into Hotel Construction

Silicon Valley Business Journal 03/27/15 Record Room Prices Tempt Developers into Hotel Construction By Nathan Donato-Weinstein  http://www.bizjournals.com/sanjose/print-edition/2015/03/27/record-room-prices-tempt-developers-into-hotel.html Working late into the night during a Mountain View City Council meeting last June, hotel consultant Maurice Robinson missed his flight back to Los Angeles. No worries, he figured. There’s always a place to stay. But as he...
DoubleTree Del Mar

Del Mar Area Hotel Is Sold

The San Diego Union-Tribune 07/02/15 By Lori Weisberg   http://www.sandiegouniontribune.com/news/2015/jul/02/doubletree-hotel-carmel-valley-sold-san-diego-firm/   The 224-room DoubleTree San Diego Del Mar hotel has been sold to a San Diego firm for $40 million, marking the fourth San Diego lodging property to sell in the last couple of months. The buyer, Southwest Value Partners, a private real estate investment...