Hospitality
The Westin San Jose Trades Hands, Selling for $44.9MM
By Meghan Hall A historic hotel in downtown San Jose has traded hands as the hospitality sector continues to face headwinds due to...
Sky Hotels Buys 89-Room Hotel in Lodi for $15MM
By Jon Peterson Chowchilla, Calif.-based Sky Hotels has closed on the acquisition of the 89-room Holiday Inn Express in Lodi. The final purchase...
Silicon Valley Hotels Sell for $117.3MM Even as Recovery Lags
By Meghan Hall Within the Bay Area’s hospitality industry, an interesting trend has arisen: While the sector struggles to recover amid limited demand...
Alila Ventana Big Sur Sells Again After 3 Months, Reaching $150MM
By Vladimir Bosanac After just three months of ownership, Hyatt Hotels Corporation has flipped the 59-room Alila Ventana Big Sur for $150 million,...
Irvine-Based Sunstone Hotel Investors to Pay $177.5MM for Four Seasons in Napa Valley
By Vladimir Bosanac As the hotel industry continues its climb from the effects caused by the global COVID-19 pandemic, the California hotel sector...
PropTech: Prescient Leverages Replicability of Hospitality and Multifamily Development to Create Efficiencies in Construction
By Meghan Hall As construction costs continue to rise, new tech is evolving in an effort to streamline processes and budgets. At Prescient,...
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...
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...
Entity Associated with Larry Ellison Pays $345MM for Incline Village Hyatt Regency
By Vladimir Bosanac The natural, year-round beauty of Lake Tahoe has for decades attracted visitors from around the world and in droves from...
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...
CIM Group Provides $67.5MM Loan Secured by Hotel Villa Florence in San Francisco’s Union Square
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...
Historic Koi Nation Claims 68-Acre Property for $600MM Commercial Development
(EDITOR’S NOTE: The property was acquired for $12.3 million from private owners, according to public records. The development is expected to cost $600...