Hospitality
339-Room Holiday Inn in Torrance Wraps Multi-Million-Dollar Overhaul as South Bay Hotels Bet on Super Bowl, Olympics
Holiday Inn Los Angeles Gateway – Torrance has finished a two-year, property-wide renovation of its 339-room Harbor Gateway tower, rolling out event-day packages...
OCVIBE Taps José Andrés, Rockwell Group for 300-Plus-Key SENA, Anaheim’s First Autograph Collection Hotel
OCVIBE has revealed the design team and operator behind SENA, a 300-plus-key Marriott Autograph Collection hotel rising beside Honda Center that will pair...
Trinity Investments Lands $210MM Citi Refinancing for 531-Key Grand Hyatt Indian Wells Resort & Villas
Trinity Investments has locked in $210 million of floating-rate CMBS debt from Citi on the Grand Hyatt Indian Wells Resort & Villas, a...
COVA Resort Wins Coachella Planning Nod for 87-Acre Hotel, Homes and Public Beach Club
Coachella's Planning Commission recommended conditional approval of COVA, an 87-acre hotel, resort, residential and public beach club development from a Relevant Group affiliate,...
R.D. Olson, Joseph Martelli Land $84MM Refinancing for 271-Room Marriott Irvine Spectrum
R.D. Olson Development and longtime partner Joseph Martelli Real Estate Investments have recapitalized the 15-story Marriott Irvine Spectrum with an $84 million loan,...
Goldman Sachs Buys $280MM Senior Loan on Slatkins’ 327-Key Santa Monica Beach Hotels, Consolidating $400MM Debt Stack
Goldman Sachs has bought the $280 million senior mortgage on Shutters on the Beach and Hotel Casa del Mar out of special servicing,...
Kabani Hotel Group CEO Urges Owners to Tighten Risk Controls as 7% Debt, AI and Insurance Costs Mount
Kabani Hotel Group founder Ahmed Kabani is urging hotel owners to tighten risk controls while markets still feel calm, and his seven-point checklist,...
ALPS Group Recasts Former Four Points Sheraton in San Diego as 223-Room Goldfinch Hotel
ALPS Group of Hotels has started construction on a full repositioning of the 20-acre former Four Points Sheraton site on Aero Drive, wagering...
93-Key Holiday Inn Express in Pasadena Hits Market at $21.98MM as Tri-Lin Holdings Calls for Offers
The recently renovated, IHG-flagged Holiday Inn Express & Suites at 3500 East Colorado Boulevard has been placed on the market with a September...
Ian Schrager’s 137-Key PUBLIC Hotel West Hollywood Lands $116.5MM Refi on the Sunset Strip
A Cushman & Wakefield team has arranged $116.5 million in bridge financing for hoteliers Ian Schrager and Ed Scheetz, retiring the 2024 acquisition...
Brandywine Homes, Vaidehi Inc. Land Approval to Replace Norwalk’s Hotel Saddleback With 120 Homes and 130-Room Hotel
Norwalk has cleared a Specific Plan amendment allowing Brandywine Homes to build 120 single-family homes and townhomes and Vaidehi Inc. to develop a...
Los Angeles Led World Cup Host Cities in Small-Business Sales Growth, Bank of America Finds
Los Angeles posted the strongest small-business sales growth of any World Cup host city, with hotels, bars and restaurants up roughly 18 percent...
