Westbrook to Lose Four Seasons San Francisco in Loan Sale
Buyer of $73M loan could foreclose to acquire the 155-room hotel at 222 Sansome Street.
Source: therealdeal.com
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San Diego sets record on price paid last year for luxury resort. So why the grim news for hotel sales?
Similar to what's happening in the housing market, high interest rates are depressing the volume of hotel sales, which in San Diego County recorded their second biggest decline in 15 years.
Source: sandiegouniontribune.com
Prime Minister Christopher Luxon lays wreath at Christchurch earthquake memorial service
The prime minister has joined a ceremony to mark the 13th anniversary of Christchurch's deadly 2011 earthquake.
Source: rnz.co.nz
New Zealand marks 13th anniversary of Christchurch quake that killed 185
The New Zealand city of Christchurch on Feb. 22 marks the 13th anniversary of the devastating 2011 earthquake that claimed 185 lives, with some bereaved families still seeking justice over structural deficiencies blamed for the collapse of a building where over a hundred died.
Source: kyodonews.net
Hotel Sales Sustained a Dismal 2023 - Los Angeles Business Journal
California hotel sales plummeted last year, according to Atlas Hospitality Group, which recently released its 2023 end-of-year hotel sales survey.
Source: labusinessjournal.com