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How the Pandemic Both Disrupted and Aided Hotel Development in LA

How the Pandemic Both Disrupted and Aided Hotel Development in LA
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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New Hotel Openings In California Are Up, But Hotel Construction Is Down

New Hotel Openings In California Are Up, But Hotel Construction Is Down
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

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Anaheim hotels near Disneyland trading hands

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ANAHEIM, Calif. As the coronavirus pandemic wanes, real estate investors are gobbling up hotels near Disneyland and looking for more deals.
Within the past month, at least four hotels, including two in the Anaheim Resort District, where Disneyland and the Anaheim Convention Center are located, have new owners.
What You Need To Know
Real estate investors are looking to buy distressed hotel assets, but there are few available in the market
Despite struggling, some hoteliers were able to weather the financial impact of the pandemic, for now
Four hotels, including three in Anaheim and one in nearby Orange, have traded hands this month ....

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Two motels purchased above appraised values under Homekey program - Sacramento Business Journal

Two motels purchased above appraised values under Homekey program - Sacramento Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Historic downtown San Diego hotel sold for third time in last decade

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The downtown Courtyard San Diego hotel, which began life in the 1920s as a bank, has been sold for $64.5 million to Pimco, a global investment management firm headquartered in Newport Beach.
While the seller, Hersha Hospitality Trust, would not divulge the name of the buyer, Pimco is identified as the new owner by real estate tracker CoStar. It was also confirmed by Alan Reay, president of the hotel brokerage firm, Atlas Hospitality Group, based in Orange County.
The purchase price is $6.5 million less than what the 245-room hotel previously sold for in 2013, when Philadelphia-based Hersha purchased it for $71 million from its then owner, Wheelock Street Capital. Wheelock bought the hotel in 2011 for $61.1 million. ....

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