#hotel-sales
#hotel-sales

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Pebblebrook offloads WeHo hotel at $330K a key

Pebblebrook sold the 133-room Montrose in West Hollywood for about $44 million amid a weak Los Angeles hotel market and shifted to asset sales.

San Francisco

fromsfist.com

2 weeks ago

The Hilton Union Square and Parc55 Sold for $408 Million, Though Were Previously Worth $1.5 Billion

Hilton Union Square and Parc55 sold together for $408 million, roughly one-third of their 2016 combined $1.5 billion appraisal.

East Bay real estate

fromwww.mercurynews.com

1 month ago

East Bay hotel deal offers clues to health of regional lodging market

A Pleasant Hill Sonesta Select sold for $12 million, 38% below assessed value, signaling continued weakness in Bay Area hotel property values.

fromThe Mercury News

3 months ago

South Bay hotel lands buyer at price below its assessed value

MILPITAS - The 229-room Sheraton San Jose Hotel was bought for $20.1 million, according to documents filed on Aug. 22 at the Santa Clara County Recorder's Office, well below the property's assessed value. The purchase price for the hotel at 1801 Barber Lane, near the interchange of Interstate 880 and Montague Expressway, was 47% below its assessed value of $38.1 million as of January, according to county real estate documents.

Silicon Valley real estate

fromtherealdeal.com

6 months ago

Los Angeles hotel executives warn distress to follow wage hike

If it passes, which most expect it will, and Mayor Karen Bass signs it, distressed hotel sales and skittish investors and developers could follow.

Los Angeles