Is San Diego Tourism Hitting Peak Hotel?

San Diego Business Journal 11/18/19 Is San Diego Tourism Hitting Peak Hotel? By Tom York https://www.sdbj.com/news/2019/nov/18/san-diego-tourism-hitting-peak-hotel/ Ask the local hotel industry experts, and they’re happy to tell you. San Diego’s hospitality sector has enjoyed an unprecedented period of prosperity over the past decade. They can boast about the high occupancy rates and the high price...

Ace Hotel Sells for $117 Million

Los Angeles Business Journal 11/29/19 Los Angeles Ace Hotel Sells for $117M By Hannah Madans https://labusinessjournal.com/news/2019/nov/29/ace-hotel-sells-117-million/ The Ace Hotel Downtown Los Angeles, which helped spur the area’s revival when it opened five years ago on Broadway, has sold for $117 million to an unnamed buyer. The deal by Ace owner Parks Hotels & Resorts Inc....

Leasehold Interest in Hotel Near LAX Sells for $50 Million

Los Angeles Business Journal 11/07/19 Leasehold Interest in Hotel Near LAX Sells for $50 Million By Hannah Madans https://labusinessjournal.com/news/2019/nov/07/leasehold-interest-hotel-near-lax-sells-50-million/   Sunstone Hotel Investors, Inc. has sold a leasehold interest in the Courtyard by Marriott Los Angeles near LAX for $50 million, according to a third-quarter earnings report. The property has 187 hotel rooms. The purchase...