Report: Record Transactions Show Strong Belief in Future of California’s Hotel Industry
By Catherine Sweeney
Despite the year of uncertainty caused by the COVID-19 pandemic, investors are taking to California’s hotel sector at record numbers. According to the 2021 Mid-Year Hotel Survey...
CIM Group Provides $67.5MM Loan Secured by Hotel Villa Florence in San Francisco’s Union...
SAN FRANCISCO--CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that a CIM-managed fund has closed a $67.5 million loan to The Roxborough...
Sacramento Hotel Purchased for $16MM as Part of Hotel-to-Multifamily Conversion
(EDITOR’S NOTE: According to public records, the asset was sold in August of 2021 for $16 million, or about $121,212 per room. The seller was Manas Hospitality, LLC, which...
Park Hotels & Resorts Enters Contracts to Sell Two San Francisco Hotels for $303.5MM
TYSONS, Va., July 13, 2021 -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has entered into two separate, definitive contracts to sell the 360-room Le Meridien...
Podcast: James Chung, Founder and CEO of The Econic Company
Retail veteran James Chung launched the econic company in 2021 with a singular goal in mind: to provide seamless, bespoke services to landlords and tenants alike in a landscape unlike any...
Rosewood San Francisco to Open in 2026
F4 Transbay Partners appoints ultra-luxury hospitality brand to open hotel in the Transbay District’s final skyscraper development
(SAN FRANCISCO) - Rosewood Hotels & Resorts® has been selected by F4 Transbay Partners (F4), a...
Half Moon Bay Lodge Trades Hands for $22.75MM
By Meghan Hall
The Half Moon Bay Lodge, an 80-key hotel located less than a mile from the coast, has sold as travel begins to resume. In a deal that...
Proposed 214-Key Hotel in San Jose Makes Entitlements Progress
By Meghan Hall
The Alviso Hotel--a new project pitched by TNT Land Development Services and Terra Hospitality--is making progress. The project was originally proposed at the end of 2019, and...
San Francisco Hyatt Regency To Undergo $50MM Redevelopment and Rebranding
SAN FRANCISCO (June 29, 2021) – Andrew Casperson, Senior Vice President of Operations of the hotel currently known as the Park Central Hotel, has announced that the hotel will undergo an...
Pebblebrook Hotel Trust Executes Contract to Sell Villa Florence San Francisco for $87.5MM
By Meghan Hall
Maryland-based Pebblebrook Hotel Trust has executed a contract to sell the Villa Florence San Francisco on Union Square Hotel. According to a statement from the company, the...
