Hospitality
CGI+ Receives Entitlements for 125-Key Hotel Mixed-Use Project in Los Angeles
By Catherine Sweeney A mixed-use hotel development by CGI+ recently received full entitlements from the City of Los Angeles. After initially purchasing the...
Sunstone Hotel Investors in Contract to Sell 340-Room Embassy Suites La Jolla for $226.7MM
IRVINE, Calif., Nov. 4, 2021 — Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO), the owner of Long-Term Relevant Real Estate®...
Lowe, Atlas Hotels Borrow $148MM for Financing of 671-Room Hotel in Mission Valley
SAN DIEGO – October 29, 2021 – Berkadia today announced the closing of the financing of the newly-transformed Town & Country Resort located...
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,...
148-Room Hyatt Hotel Opens in Culver City
By Catherine Sweeney With a grand opening recently taking place in October, Culver City recently welcomed a new luxury hotel. The Destination by...
Sofitel Hotel in Beverly Hills Acquired for $96MM
(EDITOR’S NOTE: The asset is located at 8555 Beverly Blvd. According to sources familiar with the deal, the property sold for $96 million,...
$61.5MM Refinancing Secured for 200-Key Hyatt Hotel at USC Health Sciences Campus
Los Angeles – Oct. 12, 2021 – CBRE announced today the $61.5 million refinancing of the leasehold interest for the Hyatt House Los...
Pacifica Companies Purchases 34-Key Boutique Hotel in Cambria for $10.5MM
(EDITOR’S NOTE: According to sources familiar with the transaction, the property was sold for $10.5 million, or approximately $308,823 per room.) SAN DIEGO,...
115-Key Boutique Hotel in Anaheim Hits Market for $25MM
By Catherine Sweeney The hotel industry in Southern California continues to pick up as tourism across the state improves. With that, the industry...
CIM Group Debuts 48-Room Boutique Hotel in West Adams
LOS ANGELES — CIM Group announced today the debut of Alsace LA, a Southern California-inspired 48-room boutique hotel that brings a contemporary hospitality...
Los Angeles-Based Tech Company Provides Unique Platform for Recovering Hotel Industry
By Catherine Sweeney While recent downturns in the economy have caused challenges for those in the hotel industry, one Los-Angeles based tech company...
LA Clippers to Announce Partnership with Intuit During Groundbreaking for Intuit Dome
Long-term partnership between Intuit and Clippers will use innovation to drive one-of-a-kind fan and customer experience while delivering economic benefits for local community...
