Report: Hotel industry continues to struggle

https://www.sdtranscript.com/common/login/?source=news&sourceid=989613 By Thor Kamban Biberman – San Diego Daily Transcript Thursday, November 12, 2020 While thousands of hotel rooms are in the works in San Diego County, it doesn’t mean they will all decide to open, according to a recent report by the Atlas Hospitality Group. “Many hotels will be delaying their openings,” Atlas Hospitality...

Pandemic’s impact on hotels could take years to heal

https://www.sdtranscript.com/common/login/?sourceid=989654&source=news By Thor Kamban Biberman – San Diego Daily Transcript Thursday, November 12, 2020 Pfizer may have found at least one vaccine for the coronavirus, but a hospitality executive said COVID-19’s damage to the hotel industry will last for years to come. Within about eight months, the hotel market went from being awash with capital...

Despite Coro­n­avirus Pandemic and Hotel Industry Struggles, Newport Beach Marriott Sold for $200 Million

https://spectrumnews1.com/ca/la-west/business/2020/11/10/eagle-four-partners-newport-beach-marriott BY JOSEPH PIMENTEL NEWPORT BEACH PUBLISHED 9:06 PM ET NOV. 09, 2020 NEWPORT BEACH, Calif. — For years, Eagle Four Partners CEO and partner Kory Kramer would drive by the Newport Beach Marriott Hotel & Spa and thought how much he’d like to own it one day. That day came last week. That day came last...