Hospitality
Luxury Boutique Hotel in Dana Point, CA Secures $9.5MM in Financing
DANA POINT, CALIF. – March 17, 2022 – JLL Capital Markets announced today that it has closed $9.5 million in acquisition financing for the Blue Lantern Inn,...
18-Acre Site With Plans for 193,856 SQFT Mixed-Use Development Listed for Sale in Coachella Valley 
By Catherine Sweeney An 18-acre site with plans for a mixed-use development has recently been placed on the market in Indio, Calif. According...
97-Room Extended Stay Hotel Hits Market in Cathedral City with $11MM Asking Price 
By Catherine Sweeney A 97-room extended stay hotel in the Greater Palm Springs area has recently been placed on the market. Formerly a...
5.5-Acre Site Along Los Angeles’ Sunset Boulevard to be Developed with Nearly 1MM SQFT Mixed-Use Project 
By Catherine Sweeney In 2018, Los Angeles-based developer Palisades submitted a proposal to the City of Los Angeles for two high-rise towers along...
CoreCapital Buys 28-Key Hotel in Pismo Beach for $7.6MM 
(EDITOR’S NOTE: According to a source with knowledge of the transaction, the property sold for $7.6MM, or about $271,428 per room.) SAN DIEGO,...
Fashion Island Hotel to Become 295-Room Pendry Newport Beach
Montage International and Eagle Four Partners today announced plans for Pendry Newport Beach, a transformation of the iconic former Fashion Island Hotel. Located...
Island Hospitality to Manage 170-Room Home2 Suites by Hilton in Los Angeles’ Woodland Hills Neighborhood
LOS ANGELES – Officials of Island Hospitality Management, the premier third-party management company for select-service and upscale extended-stay hotels in the United States,...
Report: California Sees Record Number of Hotel Sales Throughout 2021
By Catherine Sweeney In 2021, California’s hospitality industry saw unprecedented interest as both investors and lenders showed a resurgence in their interest toward...
Blackstone Sells Coachella Valley Resort, as Seen on “The Bachelorette”, to Henderson Park for $255MM
By Meghan Hall Private equity real estate manager Henderson Park has made a big purchase to mark its first acquisition in the United...
Reno Seeks to Purchase Motels as Affordable Housing Instead of Letting Developers Demolish Them
The mayor of Reno did little to stop the razing of motels that housed low-income residents or to replace lost units. Following a...
Two-Building Mixed-Use Project Planned for Pasadena 
By Catherine Sweeney A mixed-use development offering both a hotel and residential space could replace a former car dealership in Pasadena, after design...
Chatham Lodging Opens 170-Room Hilton Hotel in Los Angeles’ Woodland Hills Neighborhood
WEST PALM BEACH, Fla. – Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay...
