Buyers Continue To Show Strong Interest In California Hotel Investments
The $400M-plus hotel sales of the Montage Beverly Hills and Monarch Beach Resort in Dana Point led the way for hotel transactions in the state last year
The $400M-plus hotel sales of the Montage Beverly Hills and Monarch Beach Resort in Dana Point led the way for hotel transactions in the state last year
A hotel company in Dubai plans to expand to the U.S.
The CEO of Salamander Hotels & Resorts and part-owner of the Washington Mystics is reportedly among the bidders on the Trump International Hotel in D.C.
The Langham Huntington and other hotels announced several layoffs during the coronavirus pandemic.
Firms like Chesapeake Hotel are already in talks to manage hotels in foreclosure, which could see them hire hundreds of new employees.
The payment is expected to be in excess of $500M.
Around 200 hotels in the city are closed at the moment, and some will never reopen.
The property is for sale, and while the hotel operator is looking to revive the hotel with whoever buys it, it isn't really in their hands.
In the first half of this year RevPAR was still down 65% on the same period of 2019 in Manhattan.
If it sells for $384M, the hotel would be among the most expensive per-room sales in the Los Angeles area.
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