Hospitality
Ian Schrager Co. Pays $112.5MM for 139-Room Standard Hotel in West Hollywood
(EDITOR’S NOTE: According to public records, the property sold for $112.5 million, or about $809,352 per unit. The seller in the transaction was...
Heritage Hotel Group Buys Santa Ana Holiday Inn Express for $29.49MM
Berkadia Closed The $29.49 Million Sale ($183,168 per Key) of the 161-Key Holiday Inn Express & Suites in Santa Ana, California SANTA ANA,...
Heritage Hotel Group Pays $29.5MM for 161-Room Holiday Inn Hotel in Santa Ana
SANTA ANA, CA –– Berkadia announced today the sale of the Holiday Inn Express & Suites Orange County – Santa Ana, a 161-key...
124-Room Motel 6 Claremont Offered for Sale for $17.5MM in Claremont
By Jelena Krzanicki Adding to a number of hospitality-related sales transactions in the Inland Empire, Motel 6 Claremont, located at 840 South Indian...
MHG Capital Pays $62MM for 251-Room Doubletree Suites Hotel Near Anaheim Convention Center
By Catherine Sweeney In a show of strength for Orange County’s hospitality market, a 251-room hotel in Anaheim has recently traded for $62...
2023 Outlook: Atlas Hospitality’s Alan Reay Discusses Trends in California’s Hospitality Market
By Catherine Sweeney Over the past several years, California’s hospitality industry has undergone a number of changes from the challenges of the COVID-19...
LuxUrban Hotels Signs Lease Agreement to Operate 68-Room O Hotel in Los Angeles
MIAMI – LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes a long-term lease, asset-light business model to acquire and manage a...
KSL Capital Partners Acquires Portfolio of Five Boutique Hotels Along California’s Central Coast for $159MM
(EDITOR’S NOTE: According to industry sources with knowledge of the transaction, the hotel portfolio traded for approximately $159 million. In total, the portfolio consists...
Paladin Equity’s 118-Hotel in Ontario Moved Forward by Planning Commission
By Catherine Sweeney A proposed plan for a 118-room Everhome Suites Hotel has taken another step forward. In a meeting held last week,...
150-Room Hotel Near Ontario Airport Trades in $15MM Deal
By Catherine Sweeney A recent hotel deal is adding to a number of similar transactions in the Inland Empire. In the transaction, a...
CBRE’s US Real Estate Market Outlook for 2023: Optimistic Yet Uncertain Across Sectors
By Kate Snyder Despite the looming prospect of a moderate recession, experts were optimistic about the real estate market outlook for 2023 during...
111-Room Marriott TownePlace Suites Planned in Carson
By Catherine Sweeney A site that is currently developed with a Motel 6 could soon be seeing another hotel development, according to plans...
