CA Transactions Dominated in Q2
Tuesday July 24th, 2012 - 6:58AM H
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
LOS ANGELES–Seven transactions over $10 million each or roughly 27% of the national total in the second quarter of 2012 took place in California, according to data compiled by LW Hospitality Advisors, LLC.
Heading the list was Loews Hotels & Resorts' acquisition from the CIM Group of the Renaissance Hotel & Spa in the Hollywood section of Los Angeles.
The remaining six transactions were the Marriott Del Mar in San Diego, Hilton Garden Inn San Francisco/Oakland Bay Bridge in Emeryville, Hotel Milano in San Francisco, Inn at Rancho Santa Fe in Rancho Santa Fe, Embassy Suites in Valencia and Colony Palms in Palm Springs.
Tags: • Hospitality • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.