California hotel – Orland CA http://orland-ca.com/ Tue, 18 Oct 2022 07:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://orland-ca.com/wp-content/uploads/2021/10/icon-120x120.jpg California hotel – Orland CA http://orland-ca.com/ 32 32 Woman found dead in Southern California hotel room https://orland-ca.com/woman-found-dead-in-southern-california-hotel-room/ Tue, 18 Oct 2022 07:00:00 +0000 https://orland-ca.com/woman-found-dead-in-southern-california-hotel-room/ Police are investigating after an Orange County mother was found dead in a hotel room in Laguna Niguel on Saturday. The body of Griselda Petra Pinedareta, 36, was found unresponsive by a cleaner inside the hotel on the 28000 block of Camino Capistrano around noon. Pinedareta was pronounced dead at the scene by medical personnel, […]]]>

Police are investigating after an Orange County mother was found dead in a hotel room in Laguna Niguel on Saturday.

The body of Griselda Petra Pinedareta, 36, was found unresponsive by a cleaner inside the hotel on the 28000 block of Camino Capistrano around noon.

Pinedareta was pronounced dead at the scene by medical personnel, according to the Orange County Sheriff’s Department. His cause of death has not been determined.

Authorities are investigating the case as a homicide due to the “suspicious nature of the death”.

  • Griselda Petra Pinedareta, 36, was found dead in a hotel room in Laguna Niguel on October 15, 2022. (GoFundMe)
  • Hotel Laguna Niguel where Griselda Petra Pinedareta was found dead.
  • Griselda Petra Pinedareta, 36, was found dead in a hotel room in Laguna Niguel on October 15, 2022. (GoFundMe)
  • Girselda Pinedareta's vehicle is described as a gray 1999 Honda Civic with California license plate 8BLU923.
  • Griselda Petra Pinedareta, 36, was found dead in a hotel room in Laguna Niguel on October 15, 2022. (GoFundMe)

The woman’s vehicle is currently missing and authorities are working to locate it.

Pinedareta’s vehicle is described as a gray 1999 Honda Civic with California license plate 8BLU923.

Girselda Pinedareta's vehicle is described as a gray 1999 Honda Civic with California license plate 8BLU923.
Girselda Pinedareta’s vehicle is described as a gray 1999 Honda Civic with California license plate 8BLU923 (Orange County Sheriff’s Department)

The young mother of three had lost her 16-year-old son just a year ago, according to Pinedareta’s family.

Anyone with information about the case is asked to call the Orange County Sheriff‘s Department at 714-288-6740. Anonymous information may be submitted to Orange County Crime Stoppers at 1-855-TIP-OCCS.

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This New California hotel is housed in a Mediterranean-inspired villa https://orland-ca.com/this-new-california-hotel-is-housed-in-a-mediterranean-inspired-villa/ Fri, 23 Sep 2022 11:30:00 +0000 https://orland-ca.com/this-new-california-hotel-is-housed-in-a-mediterranean-inspired-villa/ A stone staircase surrounded by rose bushes, lavender plants and splashes of hydrangeas faces a traditional whitewashed Californian home at 2408 Bay View Ave in the upscale beachfront enclave of Carmel-by -the-Sea. Flanked by cypress trees, the sprawling property feels like another private residence on this quiet street lined with elegant homes and their manicured […]]]>

A stone staircase surrounded by rose bushes, lavender plants and splashes of hydrangeas faces a traditional whitewashed Californian home at 2408 Bay View Ave in the upscale beachfront enclave of Carmel-by -the-Sea. Flanked by cypress trees, the sprawling property feels like another private residence on this quiet street lined with elegant homes and their manicured gardens. And that was exactly the intention behind the new Villa Mara, an idyllic 16-room luxury boutique hotel that opened its doors this summer. By Dobrina Zhekova

“Every time I walked into our designer’s office, the first thing I said was, if this looks like a hotel, then we’re failing,” says Villa Mara owner Dev Patel. “We’re in this beautiful neighborhood, and we just wanted it [Villa Mara] feeling like home, like going to a really rich friend’s house.

The story of the new Mediterranean-inspired California Hotel

Patel looked to the exquisite villas of Italy and the Mediterranean for inspiration, but he made sure the property was an ode to Carmel-by-the-Sea and its beautiful natural surroundings. As a result, Villa Mara embodies a sophisticated California coastal lifestyle with a touch of historic elegance. The hotel was originally built in 1929 by a Filipino immigrant who was the head housekeeper at Carmel’s first hotel, The Pine Inn. She opened an 11-room property here called The Holiday Inn, which was later transformed into the Sandpiper Inn. After a complete renovation, Patel transformed it into Villa Mara. To honor the property’s long history, he named some of the 16 rooms after local historical figures, such as famous poet Robinson Jeffers.

Image credit: Stephanie Russo

But that doesn’t mean Villa Mara feels dated or rooted in nostalgia. Quite the contrary. Patel hired a local residential contractor instead of a commercial contractor to rebuild the property as a home and commissioned famed Los Angeles designer Lisa Koch to make sure the place looked like a modern residence, where guests could settle in and hang out and not just drop their bags and leave.

“We were inspired by Villa Mara’s sweeping views of Carmel Beach and the memories of picture-perfect weekends spent at family resorts on the coast,” Koch said. T+L. “Drawing inspiration from the estates of the Hamptons, our favorite European boutique hotels and getaways to the Greek Isles, we sought to imbue the property with a sophisticated and timeless elegance, layering bespoke and vintage furnishings to create a oasis of calm.”

Hotel Mediterranean California
Image credit: Stephanie Russo

Koch opted for four color palettes in dusty pink, sage green and a mix of blue tones to evoke Carmel’s natural surroundings for his Mediterranean-inspired California hotel. The rooms have been designed with oversized windows that let in plenty of natural light, while the balconies allow guests to take in the beautiful ocean views (Carmel Beach is just a hundred yards away).

Spread over two floors, the rooms, which range in size from 250 to 425 square feet, feature king beds, heated bathroom floors, rainfall showers, Le Labo toiletries, a free minibar stocked with local snacks and beverages and a mix of custom-designed furniture by Koch that incorporated varying patterns, wicker, leather, and natural wood elements. Jeffers Cottage, the hotel’s suite, is located in a free-standing structure and features a small sitting area, soaking tub, and private fire pit.

Villa Mara
Image credit: Stephanie Russo

True to its residential-inspired concept “with all the amenities of a luxury hotel,” Patel forgoes classic features such as a reception desk, lobby or even a hotel sign (“We’ll never have a sign outside,” he says). Instead, check-in takes place in a living room-like space anchored by a lovely fireplace with a sleek seating area and exposed beams. The room also houses the hotel’s cafe and cocktail bar and has a dining banquette. White Venetian plaster walls and ceilings, floor-to-ceiling windows overlooking the coast, a collection of artwork, and bespoke lighting create a tranquil, sophisticated ambience.

The outdoor spaces are also reminiscent of a friend’s backyard or garden and were designed with privacy and gathering in mind. Five distinct sitting areas, water features, three fire pits, and intimate vignettes cater to a variety of occasions, from romantic weekend getaways to group celebrations.

Villa Mara
Image credit: Stephanie Russo

Although Villa Mara doesn’t have an on-site restaurant (after all, your friend’s house probably doesn’t have its own restaurant), a light fare menu – caviar included – is available to choose from.

And if guests do end up wanting to leave the property, downtown Carmel, known for its art galleries, restaurants and independent shops, is just a mile away, while Pebble Beach Golf Link is a short hop away. 10 minutes by car. The hotel concierge can also suggest a list of local activities and hidden gems to visit. Patel has handpicked his team – or as he calls them, Villa Mara “hosts” – to be as knowledgeable as possible about the Carmel-by-the-sea neighborhood and region.

“We know all the hikes, all the restaurants […] We make sure you see the sunset in the right place at the right time,” he explains.

Villa Mara is open to guests 21 years and older. You can book your stay here.

This story first appeared on www.travelandleisure.com

Main and Feature Image Credit: Stephanie Russo

Related: The Londoner is a super boutique hotel putting Leicester Square back on the map

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This New California hotel is housed in a Mediterranean-inspired villa https://orland-ca.com/this-new-california-hotel-is-housed-in-a-mediterranean-inspired-villa-2/ Fri, 23 Sep 2022 07:00:00 +0000 https://orland-ca.com/this-new-california-hotel-is-housed-in-a-mediterranean-inspired-villa-2/ A stone staircase surrounded by rose bushes, lavender plants and splashes of hydrangeas faces a traditional whitewashed Californian home at 2408 Bay View Ave in the upscale beachfront enclave of Carmel-by -the-Sea. Flanked by cypress trees, the sprawling property feels like another private residence on this quiet street lined with elegant homes and their manicured […]]]>

A stone staircase surrounded by rose bushes, lavender plants and splashes of hydrangeas faces a traditional whitewashed Californian home at 2408 Bay View Ave in the upscale beachfront enclave of Carmel-by -the-Sea. Flanked by cypress trees, the sprawling property feels like another private residence on this quiet street lined with elegant homes and their manicured gardens. And that was exactly the intention behind the new Villa Mara, an idyllic 16-room luxury boutique hotel that opened its doors this summer. By Dobrina Zhekova

“Every time I walked into our designer’s office, the first thing I said was, if this looks like a hotel, then we’re failing,” says Villa Mara owner Dev Patel. “We’re in this beautiful neighborhood, and we just wanted it [Villa Mara] feeling like home, like going to a really rich friend’s house.

The story of the new Mediterranean-inspired California Hotel

Patel looked to the exquisite villas of Italy and the Mediterranean for inspiration, but he made sure the property was an ode to Carmel-by-the-Sea and its beautiful natural surroundings. As a result, Villa Mara embodies a sophisticated California coastal lifestyle with a touch of historic elegance. The hotel was originally built in 1929 by a Filipino immigrant who was the head housekeeper at Carmel’s first hotel, The Pine Inn. She opened an 11-room property here called The Holiday Inn, which was later transformed into the Sandpiper Inn. After a complete renovation, Patel transformed it into Villa Mara. To honor the property’s long history, he named some of the 16 rooms after local historical figures, such as famous poet Robinson Jeffers.

Image credit: Stephanie Russo

But that doesn’t mean Villa Mara feels dated or rooted in nostalgia. Quite the contrary. Patel hired a local residential contractor instead of a commercial contractor to rebuild the property as a home and commissioned famed Los Angeles designer Lisa Koch to make sure the place looked like a modern residence, where guests could settle in and hang out and not just drop their bags and leave.

“We were inspired by Villa Mara’s sweeping views of Carmel Beach and the memories of picture-perfect weekends spent at family resorts on the coast,” Koch said. T+L. “Drawing inspiration from the estates of the Hamptons, our favorite European boutique hotels and getaways to the Greek Isles, we sought to imbue the property with a sophisticated and timeless elegance, layering bespoke and vintage furnishings to create a oasis of calm.”

Hotel Mediterranean California
Image credit: Stephanie Russo

Koch opted for four color palettes in dusty pink, sage green and a mix of blue tones to evoke Carmel’s natural surroundings for his Mediterranean-inspired California hotel. The rooms have been designed with oversized windows that let in plenty of natural light, while the balconies allow guests to take in the beautiful ocean views (Carmel Beach is just a hundred yards away).

Spread over two floors, the rooms, which range in size from 250 to 425 square feet, feature king beds, heated bathroom floors, rainfall showers, Le Labo toiletries, a free minibar stocked with local snacks and beverages and a mix of custom-designed furniture by Koch that incorporated varying patterns, wicker, leather, and natural wood elements. Jeffers Cottage, the hotel’s suite, is located in a free-standing structure and features a small sitting area, soaking tub, and private fire pit.

Villa Mara
Image credit: Stephanie Russo

True to its residential-inspired concept “with all the amenities of a luxury hotel,” Patel forgoes classic features such as a reception, lobby or even a hotel sign (“We’ll never have a sign outside,” he says). Instead, check-in takes place in a living room-like space anchored by a lovely fireplace with a sleek seating area and exposed beams. The room also houses the hotel’s cafe and cocktail bar and has a dining banquette. White Venetian plaster walls and ceilings, floor-to-ceiling windows overlooking the coast, a collection of artwork and bespoke lighting create a tranquil and sophisticated ambience.

The outdoor spaces are also reminiscent of a friend’s backyard or garden and were designed with privacy and gathering in mind. Five distinct sitting areas, water features, three fire pits, and intimate vignettes cater to a variety of occasions, from romantic weekend getaways to group celebrations.

Villa Mara
Image credit: Stephanie Russo

Although Villa Mara doesn’t have an on-site restaurant (after all, your friend’s house probably doesn’t have its own restaurant), a light fare menu – caviar included – is available to choose from.

And if guests do end up wanting to leave the property, downtown Carmel, known for its art galleries, restaurants and independent shops, is just a mile away, while Pebble Beach Golf Link is a short hop away. 10 minutes by car. The hotel concierge can also suggest a list of local activities and hidden gems to visit. Patel has handpicked his team – or as he calls them, Villa Mara “hosts” – to be as knowledgeable as possible about the Carmel-by-the-sea neighborhood and region.

“We know all the hikes, all the restaurants […] We make sure you see the sunset in the right place at the right time,” he explains.

Villa Mara is open to guests 21 years and older. You can book your stay here.

This story first appeared on www.travelandleisure.com

Main and Feature Image Credit: Stephanie Russo

Related: The Londoner is a super boutique hotel putting Leicester Square back on the map

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Champagne Sabrage, Aesop Soap and Miraval Spa in California: The Hotel News You Missed in August https://orland-ca.com/champagne-sabrage-aesop-soap-and-miraval-spa-in-california-the-hotel-news-you-missed-in-august/ Thu, 01 Sep 2022 07:00:00 +0000 https://orland-ca.com/champagne-sabrage-aesop-soap-and-miraval-spa-in-california-the-hotel-news-you-missed-in-august/ As Taylor Swift so aptly put it, “August slipped away like a bottle of wine.” Yes Taylor, for sure. (Specifically, like my favorite rosé, Summer in a Bottle from Long Island’s Wolffer Estate, or Gulp Hablo, a Spanish orange perfect for beating the heat here in New York.) For more TPG news delivered every morning […]]]>

As Taylor Swift so aptly put it, “August slipped away like a bottle of wine.”

Yes Taylor, for sure. (Specifically, like my favorite rosé, Summer in a Bottle from Long Island’s Wolffer Estate, or Gulp Hablo, a Spanish orange perfect for beating the heat here in New York.)

For more TPG news delivered every morning to your inbox, subscribe to our daily newsletter.

But while we can’t lock in August, we can look back at some of the hotel news that might have gone unnoticed as we all tried to hold on to the final weeks of summer, before wearing our pay attention to the best. hotels to observe the leaves.

One of the most exciting parts of August, personally, was keeping an eye out for the now open and long-awaited Aman New York. The hotel has opened its doors to a very exclusive clientele of people who can drop well over $3,000 a night for a room – or $200,000 a year for a membership. Towards the end of the month, I actually got to take a (quick) tour of the hotel to see if it lived up to the hype. (Answer: It’s a mixed bag.)

My colleague, Cameron Sperance, has spent the month on earnings calls, trying to find out if Meghan Markle’s beloved Soho House – sorry, I just finished ‘The Palace Papers’ – will finally be profitable. Hyatt’s luxury hotels, on the other hand, give the Chicago-based company the boost it needs to simply come back to profitability.

While I’m still sad to see summer go, I’m also looking forward to the quick approach of some personal fall trips that I’ve been planning for a long time. In October, I’ll shut down my laptop and head to Hawaii for the first time for a whirlwind trip with lots of stops, including the Royal Hawaiian Hotel, “the pinkest place on Earth.”

Whether you’re ready to see the summer sun go down for the year or you’re already planning warm weather getaways as a respite from winter, here’s the hotel news you need to know to help you through. all your travels.

Hyatt’s Bonus Journeys promotion is back

HYATT.COM

If you’re trying to solidify your World of Hyatt status before the time runs out, it’s time to sign up for Hyatt’s Bonus Journeys promotion. With the latest iteration of the journey, members who sign up (seriously, don’t forget to sign up) can earn points or qualifying nights in two different ways:

Subscribe to our daily newsletter

  • Double your points on qualifying stays of two nights or more at participating Hyatt hotels worldwide. This promotion is valid for stays between September 15 and December 20.
  • Win two elite qualifying nights on qualifying nights spent at Hyatt’s Inclusive Collection properties worldwide. This promotion is valid for stays between September 15 and December 20.

Members must register by November 15 and complete qualifying stays between September 15 and December 20 of this year. Of course, we’ve simplified all the fine print for you to understand Hyatt’s Bonus Journeys promotion here.

Waldorf Astoria relies on Aesop

I have never gone out of my way to book a particular hotel because of its in-room toiletries. But let me tell you, I keep an eye out for which brands offer what and which are my favorites. Ask the biggest team at TPG and you’ll hear all about their love for Le Labo, Davines Momo, Byredo and so on.

But one brand we know we can always rely on is Aesop – and now you can also count on Waldorf Astoria to have its products waiting for you in your room (which hopefully also has a great soaking tub). imbue there). Soon, Waldorf Astoria properties around the world will offer Aesop shampoo and conditioner, Resurrection Aromatique hand wash, Geranium leaf body wash and Bark concentrate body balm.

But in a bid to improve its sustainability efforts, Hilton will replace individual single-use equipment with 500ml bottles made from 97% post-consumer recycled plastic. Yes, I’ll miss bringing those little bottles home for my own tub, but I’m glad to see more brands stepping in to eliminate unnecessary plastics and waste.

It’s time to give away champagne and a sword

ST. REGIS HOTELS AND RESORTS

Generally speaking, I probably shouldn’t be trusted to wield a saber, a sword, or even my niece’s Nerf gun, especially if there’s alcohol involved. But I think I might make an exception (sorry, Mom) on my next trip to a St. Regis hotel or resort in North America.

At these properties, hotel guests and locals can now book private champagne sabering masterclasses led by an expert St. Regis butler. St. Regis Hotels have been slashing bottles at hotels around the world since 1904, when John Jacob Astor IV, the brand’s founder, started it as a nighttime tradition to “celebrate the transition from day to night.”

The experience is currently available for groups of up to four people. The 30-minute class includes a bottle of champagne (obviously) and canapes along with other extras, depending on the property. To book, contact any of the Waldorf Astoria locations directly, including Atlanta, Aspen, Bal Harbour, Deer Valley, New York, San Francisco, Toronto and Washington, DC

Related: Has The Classic Remained Timeless? (Re)living the dream at the St. Regis New York

A Miraval Spa is heading to a Park Hyatt

At TPG, we love the Miraval brand. I mean we really to like. And while there are only three locations (Arizona, Austin, and the Berkshires), we’re thrilled to hear that the brand’s Miraval Life in Balance Spa, a key part of any stay at a Miraval resort, is is heading for the first time to a destination outside of its own-brand ecosystem: The Park Hyatt Aviara Resort, Golf Club and Spa in Carlsbad, California.

The new Miraval spa, scheduled to open next spring, will take over and redevelop the resort’s current 15,000 square foot space. It will feature 20 indoor and outdoor treatment rooms, a spa pool, a special space for hanging yoga silks, a fitness center and more. Spa visitors can expect innovative treatments and experiences from Miraval, including the Ayurveda program.

While this is the only advertised Miraval spa outside of a Miraval property, it will be interesting to see if this is how Hyatt moves forward with spas from Park Hyatt or its other luxury brands. .

I haven’t been to a Miraval resort yet, but from the way the team talk about it here, it’s an experience like no other – and I can only imagine that will continue at this new spa standalone (and in potential future locations), too.

In other news

The latest hotel reviews

And, finally, I want to leave you with one of my favorite articles that we published here at TPG last month. Although it comes from hotel reporter Cameron Sperance, it has nothing to do with hotels: ‘Til death — or a first-class upgrade — do us part: Testing wedding vows at 35,000 feet.

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Although slower, California hotel sales set new record for median price per room https://orland-ca.com/although-slower-california-hotel-sales-set-new-record-for-median-price-per-room-2/ Wed, 24 Aug 2022 07:00:00 +0000 https://orland-ca.com/although-slower-california-hotel-sales-set-new-record-for-median-price-per-room-2/ While hotel sales in California have cooled from their highs of last year, transactions during the first half of 2022 set a new record for median price per room and approached other records as well. The Atlas Hospitality Group’s 2022 Mid-Year California Hotel Sales Survey reports that the state recorded 263 individual sales in the […]]]>

While hotel sales in California have cooled from their highs of last year, transactions during the first half of 2022 set a new record for median price per room and approached other records as well.

The Atlas Hospitality Group’s 2022 Mid-Year California Hotel Sales Survey reports that the state recorded 263 individual sales in the first half of the year, down 9.9% from compared to the first half of 2021. Total dollar volume reached $3.49 billion, or 33.59% year-on-year. one year decrease. However, the state hit a new all-time high for the median price per key at $143,443, a 12.7% year-over-year increase.

Los Angeles County led with the most hotel deals with 36. The deal with the highest price per room was the 295-room Fashion Island Hotel Newport Beach in Orange County, which will become a Pendry Hotel, in a $145 million lease sale. at around $491,525 per room.

“Sales have cooled somewhat from the record pace set in the first half [of last year]but it is still the second-highest number of individual sales and the third-highest total dollar volume during this six-month period,” said Atlas President Alan Reay.

Read the full article on HotelNewsNow (part of CoStar)

Real Estate and InvestmentCaliforniaUnited States

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California hotel sales hit record price per room – but not in San Diego https://orland-ca.com/california-hotel-sales-hit-record-price-per-room-but-not-in-san-diego/ Thu, 18 Aug 2022 23:24:49 +0000 https://orland-ca.com/california-hotel-sales-hit-record-price-per-room-but-not-in-san-diego/ Even though the pace of hotel sales slowed statewide in the first half of the year, California still hit a new record high for the price paid per room. San Diego, however, was an exception. It was down almost 12%. Atlas Hospitality Group, the Orange County brokerage firm that tracks hotel transactions across the state, […]]]>

Even though the pace of hotel sales slowed statewide in the first half of the year, California still hit a new record high for the price paid per room. San Diego, however, was an exception. It was down almost 12%.

Atlas Hospitality Group, the Orange County brokerage firm that tracks hotel transactions across the state, warned that six months isn’t necessarily a full picture of what lies ahead for the California hotel real estate market. Atlas Chairman Alan Reay expects deals to decline significantly over the remainder of the year as rising interest rates and uncertainty surrounding the economy dampen owners’ interest in parting with their properties.

In San Diego County, 25 hotels exchanged hands in the first half of this year, down from 28 a year earlier, a drop of nearly 11%, Atlas said in its new mid-term sales report. year. But measured by the number of rooms, the decline has been more pronounced – from 3,567 in the first half of 2021 to 2,384 this year, a drop of 33%, Atlas reported.

Since many hotels sold this year tended to be more of a mix of economy and mid-range properties, the total value of this year’s 25 deals – $326.5 million – was significantly lower than the previous year, falling 42%. Statewide, the total dollar value of sales fell 34%, while the number of individual hotel sales fell 10%.

For San Diego County, the drop in sales is not a reflection of an underperforming hotel market, Reay points out.

“Overall, we had a record median price per room for California and while it’s been down in San Diego, I wouldn’t say that means people are put off by San Diego,” he said. he declares. “The fact that we have again seen significant dollar volume reflects how strongly the market has rebounded from COVID. And maybe the owners had considered selling and getting out of the market before, but now we see the opposite.

“The owners say if I sell, what do I do with the money? You have fewer sellers in San Diego because outside of San Diego they don’t see hotel markets that would offer the same longer-term benefit as your area.

The median price per room among all sales in California was $143,443. That’s still far below some of San Diego’s most expensive deals this year.

The most expensive sale in the county was the 126-room Moxy, a hip Marriott boutique hotel that opened nearly four years ago in the East Village. The eight-story Sixth Avenue property sold for $46 million. The second most expensive sale was the 90-room inn at Rancho Santa Fe, which sold for $42.7 million. That translates to a cost of $474,444 per room, the highest San Diego County sales recorded in the first six months of this year, according to Atlas.

The most expensive hotel to change hands in California was the now closed 295-room Fashion Island Hotel in Newport Beach, which sold for $145 million. It is due to reopen next year as Pendry Newport Beach.

In the coming months, Reay predicts there will be a slowdown in sales activity, assuming interest rates remain high.

“With interest rates going up a few percentage points, that means to get the same cash flow, sellers have to price hotels lower, and the prices that people are willing to pay have to drop,” Reay said. said. “In a market like San Diego that has no level of distress, landlords say if I can’t get my price, I’m not ready to sell.”

Pebblebrook Hotel Trust, a real estate investment firm that owns seven properties in San Diego, including resort hotels in Mission Bay and Del Mar, is more focused on selling assets than buying them, said chief financial officer Raymond Martz. However, he recently acquired the Inn on Fifth in Naples, Fla., for $156 million and Gurney’s Newport Resort & Marina in Newport, Rhode Island, for $134 million, he said.

For the remainder of the year, Martz said he expects Pebblebrook to be “more of a net seller than a net buyer.”

The company recently sold a hotel it owned in Philadelphia and has two other properties under contract for $104 million.

“We saw prices drop a few percentage points, but nothing really significant,” Martz said. “We feel we have done a good job maximizing the value of these assets that we are selling and can use this to fund recent acquisitions and also reduce debt.”

San Diego, he said, is rebounding strongly from the pandemic compared to other markets. While Martz couldn’t say what, if any, the company’s plans are for its San Diego holdings, he said Pebblebrook was pretty bullish on the market.

“We love this market so much,” he said. “If you sell, you may not be able to buy anymore.”

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California hotel sales hit record price per room – but not in San Diego https://orland-ca.com/california-hotel-sales-hit-record-price-per-room-but-not-in-san-diego-2/ Thu, 18 Aug 2022 07:00:00 +0000 https://orland-ca.com/california-hotel-sales-hit-record-price-per-room-but-not-in-san-diego-2/ Even though the pace of hotel sales slowed statewide in the first half of the year, California still hit a new record high for the price paid per room. San Diego, however, was an exception. It was down almost 12%. Atlas Hospitality Group, the Orange County brokerage firm that tracks hotel transactions across the state, […]]]>

Even though the pace of hotel sales slowed statewide in the first half of the year, California still hit a new record high for the price paid per room. San Diego, however, was an exception. It was down almost 12%.

Atlas Hospitality Group, the Orange County brokerage firm that tracks hotel transactions across the state, warned that six months isn’t necessarily a full picture of what lies ahead for the California hotel real estate market. Atlas Chairman Alan Reay expects deals to decline significantly over the remainder of the year as rising interest rates and uncertainty surrounding the economy dampen owners’ interest in parting with their properties.

In San Diego County, 25 hotels exchanged hands in the first half of this year, down from 28 a year earlier, a drop of nearly 11%, Atlas said in its new mid-term sales report. year. But measured by the number of rooms, the decline has been more pronounced – from 3,567 in the first half of 2021 to 2,384 this year, a drop of 33%, Atlas reported.

Since many hotels sold this year tended to be more of a mix of economy and mid-range properties, the total value of this year’s 25 deals – $326.5 million – was significantly lower than the previous year, falling 42%. Statewide, the total dollar value of sales fell 34%, while the number of individual hotel sales fell 10%.

For San Diego County, the drop in sales is not a reflection of an underperforming hotel market, Reay points out.

“Overall, we had a record median price per room for California and while it’s been down in San Diego, I wouldn’t say that means people are put off by San Diego,” he said. he declares. “The fact that we have again seen significant dollar volume reflects how strongly the market has rebounded from COVID. And maybe the owners had considered selling and getting out of the market before, but now we see the opposite.

“The owners say if I sell, what do I do with the money? You have fewer sellers in San Diego because outside of San Diego they don’t see hotel markets that would offer the same longer-term benefit as your area.

The median price per room among all sales in California was $143,443. That’s still far below some of San Diego’s most expensive deals this year.

The most expensive sale in the county was the 126-room Moxy, a hip Marriott boutique hotel that opened nearly four years ago in the East Village. The eight-story property on Sixth Avenue sold for $46 million. The second most expensive sale was the 90-room Inn at Rancho Santa Fe, which sold for $42.7 million. That translates to a cost of $474,444 per room, the highest San Diego County sales recorded in the first six months of this year, according to Atlas.

The most expensive hotel to change hands in California was the now closed 295-room Fashion Island Hotel in Newport Beach, which sold for $145 million. It is due to reopen next year as Pendry Newport Beach.

In the coming months, Reay predicts there will be a slowdown in sales activity, assuming interest rates remain high.

“With interest rates going up a few percentage points, that means to get the same cash flow, sellers have to price hotels lower, and the prices people are willing to pay have to go down” , Reay said. “In a market like San Diego that has no level of distress, landlords say if I can’t get my price, I’m not ready to sell.”

Pebblebrook Hotel Trust, a real estate investment firm that owns seven properties in San Diego, including resort hotels in Mission Bay and Del Mar, is more focused on selling assets than buying them, the chief financial officer said. Raymond Martz. However, he recently acquired the Inn on Fifth in Naples, Florida, for $156 million and Gurney’s Newport Resort & Marina in Newport, Rhode Island, for $134 million, he said.

For the remainder of the year, Martz said he expects Pebblebrook to be “more of a net seller than a net buyer.”

The company recently sold a hotel it owned in Philadelphia and has two other properties under contract for $104 million.

“We saw prices drop a few percentage points, but nothing really significant,” Martz said. “We feel we have done a good job maximizing the value of these assets that we are selling and can use this to fund recent acquisitions and also reduce debt.”

San Diego, he said, is rebounding strongly from the pandemic compared to other markets. While Martz couldn’t say what, if any, the company’s plans are for its San Diego holdings, he said Pebblebrook was pretty bullish on the market.

“We love this market so much,” he said. “If you sell, you may not be able to buy anymore.”

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Northern California hotel buying cools, nose drop looms statewide https://orland-ca.com/northern-california-hotel-buying-cools-nose-drop-looms-statewide/ Wed, 17 Aug 2022 12:31:30 +0000 https://orland-ca.com/northern-california-hotel-buying-cools-nose-drop-looms-statewide/ SAN JOSE — Hotel buying activity has cooled across Northern California, including the Bay Area, in the first six months of 2022, a slump that could worsen during the rest of this year, according to a disturbing new report. In the first six months of 2022, the dollar volume of Northern California hotel purchases totaled […]]]>

SAN JOSE — Hotel buying activity has cooled across Northern California, including the Bay Area, in the first six months of 2022, a slump that could worsen during the rest of this year, according to a disturbing new report.

In the first six months of 2022, the dollar volume of Northern California hotel purchases totaled just under $1.03 billion, representing a 63.4% drop from the 2, $8 billion in hotel transactions in the first half of 2021, according to a report by Atlas Hospitality Group, which tracks the lodging market.

The Southern California hotel market saw a 1.3% increase in dollar volume of lodging deals, Atlas Hospitality reported. Southern California hotels made $2.42 billion in total purchases in the first six months of this year, compared to $2.39 billion in the first half of 2021.

Weakness in Northern California dragged down statewide results.

In the first six months of 2022, hotel purchases in California generated $3.45 billion in transactions, a steep drop of 33.6% from the record $5.19 billion in hotel transactions in the first half of 2021, Atlas Hospitality reported.

Worryingly, hotel buying activity could dip even further from current levels, according to the report.

“As we enter the second half of the year, we expect a sharp decline in sales,” Atlas Hospitality said in its report.

Several factors are likely to depress hotel buying activity in California, the hotel analyst warned.

“Interest rates have gone up a lot over the last 60 to 90 days,” said Alan Reay, president of Atlas Hospitality. “It has an impact on prices.”

Hotel investors can typically find a range of non-hotel commercial real estate assets to buy, such as office buildings, research sites and industrial properties.

Rising interest rates mean it becomes more expensive for buyers to borrow money to finance home purchases. This, in turn, means monthly mortgage payments would increase for a property buyer.

It also means that the main way for a buyer to get a satisfactory rate on an investment in commercial property is to get the seller to reduce the property price. A similar principle applies to residential real estate purchases, Reay noted.

Another specter that has begun to haunt the hospitality industry is the increasingly volatile and uncertain economy in the Bay Area, California and across the country.

“Lenders and buyers are eyeing a potential economic downturn and potential recession,” Reay said. “It makes lenders nervous. It makes shoppers nervous. Lenders waive loans to hotels.

In the Bay Area, the biggest hotel transactions in the first half were for a diverse group of accommodations, according to the report. Among the highlights of the first half of 2022:

— Hyatt Place, a 230-room hotel around the corner from Oracle Park baseball stadium in San Francisco’s China Basin district, was bought for $142 million, or nearly $617,400 per room.

— The Westin San Jose, a 171-room downtown San Jose property known for decades as the Hotel Sainte Claire, was purchased for a total value of $62.3 million, or more than $364,300 per room. The price was 2.7% lower than the previous purchase of $64 million in 2017.

– Dawn Ranch Lodge, a 58-room hotel in the town of Guerneville, Sonoma County, part of the Russian River resort, was bought for $20.3 million, or $350,000 per room .

As a result of the coronavirus outbreak, hotels in recreation and resort areas such as Sonoma County, Napa County and Monterey County have fared better than hotels in areas such as Santa County Clara and San Francisco which depend mainly on business travel.

Despite being in a resort area, the purchase of Dawn Ranch Lodge is a far cry from record prices that topped $2 million for three mammoth deals in 2021 involving a hotel perched on Monterey County’s Big Sur coast. and two Wine Country hotels.

Santa Clara County suffered significant weakness in the first half of 2022 compared to the same six-month period in 2021, Atlas Hospitality determined.

“Investors used to see Silicon Valley as the place to own hotels, but now they’re looking at Silicon Valley differently,” Reay said. “We still see a lot of remote work in Silicon Valley, which means business trips are less frequent” than before the outbreak of the coronavirus.

Hotel purchases in Santa Clara County totaled $188.7 million in the first six months of 2022, down 68.6% from $600.4 million in the first six months of 2021.

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Northern California hotel buying cools, nose drop looms statewide https://orland-ca.com/northern-california-hotel-buying-cools-nose-drop-looms-statewide-2/ Wed, 17 Aug 2022 12:30:44 +0000 https://orland-ca.com/northern-california-hotel-buying-cools-nose-drop-looms-statewide-2/ SAN JOSE — Hotel buying activity has cooled across Northern California, including the Bay Area, in the first six months of 2022, a slump that could worsen during the rest of this year, according to a disturbing new report. In the first six months of 2022, the dollar volume of Northern California hotel purchases totaled […]]]>

SAN JOSE — Hotel buying activity has cooled across Northern California, including the Bay Area, in the first six months of 2022, a slump that could worsen during the rest of this year, according to a disturbing new report.

In the first six months of 2022, the dollar volume of Northern California hotel purchases totaled just under $1.03 billion, representing a 63.4% drop from the 2, $8 billion in hotel transactions in the first half of 2021, according to a report by Atlas Hospitality Group, which tracks the lodging market.

The Southern California hotel market saw a 1.3% increase in dollar volume of lodging deals, Atlas Hospitality reported. Southern California hotels made $2.42 billion in total purchases in the first six months of this year, compared to $2.39 billion in the first half of 2021.

Weakness in Northern California weighed on statewide results.

In the first six months of 2022, hotel purchases in California generated $3.45 billion in transactions, a steep drop of 33.6% from the record $5.19 billion in hotel transactions in the first half of 2021, Atlas Hospitality reported.

Worryingly, hotel buying activity could dip even further from current levels, according to the report.

“As we enter the second half of the year, we expect a sharp decline in sales,” Atlas Hospitality said in its report.

Several factors are likely to depress hotel buying activity in California, the hotel analyst warned.

“Interest rates have gone up a lot over the last 60 to 90 days,” said Alan Reay, president of Atlas Hospitality. “It has an impact on prices.”

Hotel investors can typically find a range of non-hotel commercial real estate assets to buy, such as office buildings, research sites and industrial properties.

Rising interest rates mean it becomes more expensive for buyers to borrow money to finance home purchases. This, in turn, means monthly mortgage payments would increase for a property buyer.

It also means that the main way for a buyer to get a satisfactory rate on an investment in commercial property is to induce the seller to reduce the price of the property. A similar principle applies to residential real estate purchases, Reay noted.

Another specter that has begun to haunt the hospitality industry is the increasingly volatile and uncertain economy in the Bay Area, California and across the country.

“Lenders and buyers are eyeing a potential economic downturn and potential recession,” Reay said. “It makes lenders nervous. It makes shoppers nervous. Lenders waive loans to hotels.

In the Bay Area, the biggest hotel deals in the first half were for a diverse group of accommodations, according to the report. Among the highlights of the first half of 2022:

— Hyatt Place, a 230-room hotel around the corner from Oracle Park baseball stadium in San Francisco’s China Basin district, was bought for $142 million, or nearly $617,400 per room.

— The Westin San Jose, a 171-room downtown San Jose property known for decades as the Hotel Sainte Claire, was purchased for a total value of $62.3 million, or more than $364,300 per room. The price was 2.7% lower than the previous purchase of $64 million in 2017.

– Dawn Ranch Lodge, a 58-room hotel in the town of Guerneville, Sonoma County, part of the Russian River resort, was bought for $20.3 million, or $350,000 per room .

As a result of the coronavirus outbreak, hotels in recreation and resort areas such as Sonoma County, Napa County and Monterey County have fared better than hotels in areas such as Santa County Clara and San Francisco which depend mainly on business travel.

Despite being in a resort area, the purchase of Dawn Ranch Lodge is a far cry from record prices that topped $2 million for three mammoth deals in 2021 involving a hotel perched on Monterey County’s Big Sur coast. and two Wine Country hotels.

Santa Clara County suffered significant weakness in the first half of 2022 compared to the same six-month period in 2021, Atlas Hospitality determined.

“Investors used to see Silicon Valley as the place to own hotels, but now they’re looking at Silicon Valley differently,” Reay said. “We’re still seeing a lot of remote work in Silicon Valley, which means business travel is less frequent” than before the outbreak of the coronavirus.

Hotel purchases in Santa Clara County totaled $188.7 million in the first six months of 2022, down 68.6% from $600.4 million in the first six months of 2021.

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Although slower, California hotel sales set new record for median price per room https://orland-ca.com/although-slower-california-hotel-sales-set-new-record-for-median-price-per-room/ Tue, 16 Aug 2022 20:33:03 +0000 https://orland-ca.com/although-slower-california-hotel-sales-set-new-record-for-median-price-per-room/ While hotel sales in California have cooled from their highs of last year, transactions during the first half of 2022 set a new record for median price per room and approached other records as well. The Atlas Hospitality Group’s 2022 Mid-Year California Hotel Sales Survey reports that the state recorded 263 individual sales in the […]]]>

While hotel sales in California have cooled from their highs of last year, transactions during the first half of 2022 set a new record for median price per room and approached other records as well.

The Atlas Hospitality Group’s 2022 Mid-Year California Hotel Sales Survey reports that the state recorded 263 individual sales in the first half of the year, down 9.9% from compared to the first half of 2021. Total dollar volume reached $3.49 billion, or 33.59% year-on-year. one year decrease. However, the state hit a new all-time high for the median price per key at $143,443, a 12.7% year-over-year increase.

Los Angeles County led with the most hotel deals with 36. The deal with the highest price per room was the 295-room Fashion Island Hotel Newport Beach in Orange County, which will become a Pendry Hotel, in a $145 million lease sale. at around $491,525 per room.

“Sales have cooled somewhat from the record pace set in the first half [of last year]but it is still the second-highest number of individual sales and the third-highest total dollar volume in that six-month period,” said Atlas President Alan Reay.

Hotel deals are expected to continue to cool significantly in the second half of this year due to rising interest rates, economic uncertainty and fears of recession, he said. The hotel areas that have suffered the most during the pandemic, namely urban areas, are already showing signs of slowing down.

In 2021 and even in the first half of this year, buyers have been price aggressive, Reay said. Without current numbers, they relied on 2019 net operating profits and still paid relatively low cap rates.

The time it took for the market to recover, combined with rising interest rates and lenders not only becoming more cautious but, in some cases, withdrawing hotel space will mean fewer transactions involving full-service properties in urban areas, Reay said. There should still be good buyer demand for limited and select service hotels as well as extended stay properties.


Some of the biggest buyers are also among the biggest sellers, Reay said. Blackstone has made several acquisitions, including hotel franchise company Extended Stay America in a joint deal with Starwood Capital, but it has also been a big seller of Motel 6 properties.

Many publicly traded real estate investment trusts have also been active, he said. Pebblebrook Hotel Trust has sold a number of its hotels and reallocated capital to acquisitions. Park Hotels & Resorts announced on its recent earnings call that it plans to sell an additional $400 million in assets.

California also has plenty of Project Homekey funding, which gives sellers the opportunity to take advantage of 1031 exchanges, he said. The Homekey Project is a state-sponsored program that provides funds to local and county governments to purchase former hotels and motels to convert into housing for the homeless or those at risk of homelessness.

There weren’t a huge number of deals with the Homekey project in the first part of the year, but that’s due to how the approval and funding process works, so those deals should be completed in the second half of 2022, Reay said.

There are companies that specialize in buying hotels, and even office buildings, to convert them into apartments, he said. Often hotels are in the economy segment, and extended stay hotels are a target especially because of the ease of converting them since they already have kitchens.


Two important factors affecting hotel valuations are the recession, which hurts hotels more than other commercial property categories due to the hotel daily rate business model, and oversupply, which is generally not a problem in California, Reay said.

Working with Atlas clients, Reay said he has informed them that there has been a sharp increase in the cost of debt over the past 45 to 60 days. This affects what people can pay for a hotel and the return they can expect to get.

“So either net operating income has to go up for your prices to go up, or you have to adjust your expectations down,” he said.

Not only are interest rates rising, but lenders are pulling out of office buildings and hotels, Reay said. With fewer lenders available, that means the cost of borrowing goes up. Those who remain active become more conservative, forcing them to invest more equity.

“As all of these things add up, it’s causing a bit of a shrinkage in the pool of buyers,” he said.

Similar to the housing market, there were plenty of buyers willing to come in with cash and above the going price, he said. This was not sustainable, and buyers are now showing up more aggressively on their terms.

“We can see in the second half of the year a bit of a disconnect between what sellers want, looking back six to 12 months, saying, ‘These are the prices hotels were selling at back then.’ , and it’s going to take a while maybe they have to adjust to the new pricing structure,” he said.

Buyers are also using worries about a recession as part of their price trading strategy, Reay said. Sellers are looking to the future and in some cases selling hotels for less than they originally paid because they fear a longer recovery or selling later for less than they would now.

“As you start to see some of these assets trading like this, buyers are going to use it, they’re going to use it as new sell items,” he said.

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