Orange County Hotel Development Strong

Orange County Business Journal 01/09/20 Hotel Development Strong By Katie Murar https://www.ocbj.com/news/2020/jan/09/hotel-development-strong/ Three hotels opened in Orange County last year, one of which was the largest to open in the state in 2019, according to a year-end survey by Irvine-based Atlas Hospitality Group. The 352-room Cambria Hotel Anaheim Resort Area opened last summer. The other...

High Prices, Seller’s Market for OC Hotels

Orange County Business Journal 12/23/19 High Prices, Seller’s Market for OC Hotels By Katie Murar https://www.ocbj.com/news/2019/dec/23/2020-preview-hospitality-tourism California hotel sales hit record highs in 2019, with Orange County experiencing its priciest hotel sale to date. The Monarch Beach Resort traded for a record price of $497 million, or $1.2 million per room. That per-room price trails...

Big Beverly Hills Hotel Deal Could Be Sign of More to Come in 2020

CoStar 12/26/19 Big Beverly Hills Hotel Deal Could Be Sign of More to Come in 2020 London’s Maybourne Buys California Property for Price Topping $2 Million per Room By Lou Hirsh https://product.costar.com/home/news/shared/1290861420 More big trophy hotel deals could be ahead in 2020, after London-based Maybourne Hotel Group acquired Montage Beverly Hills near Los Angeles for...