Sunstone Sells Fairmont for $125 Million
Hotel REIT Sunstone Hotel Investors Inc. sold its Fairmont Newport Beach for $125 million. The buyer of this massive deal was not disclosed but is believed to be a China-based entity that is affiliated with Infinity Realty Advisors in Los Angeles. The Business Journal was the first to report that the Fairmont was close to…
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Redondo Beach’s Shade Hotel Finishes Construction
This amazing hotel sits right on the shore’s edge and is placed between the bicycle strand and marina. The long awaited Shade hotel, a luxury boutique hotel, completed its construction in early 2017. Developed by owner and restauranteur, Michael Zislis, Shade Hotels have opened their second location woven into the beach communities. The hotel sits right…
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Montage’s Pendry San Diego Opens
The Pendry San Diego opened in early February in downtown San Diego, owned my Montage International in Irvine. The Pendry San Diego made its debut in February right in downtown San Diego’s Gaslamp Quater. The Gaslamp Quarter is the West Coast’s number one entertainment district. Those who visit can immerse themselves in rich Victorian architecture, dine…
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Crescent Hotels to Make Duke Hotel Newport Beach
Crescent Hotels & Resorts was selected to manage the Duke Hotel Newport Beach, a luxurious high-end hotel in Newport Beach that is adjacent to the John Wayne airport and will be named Renaissance Newport Beach hotel once renovations are complete by the winter of 2018. Earlier this year, Crescent Hotels & Resorts was chosen to…
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Trump’s Travel Ban: Uncertainty Surrounds and Affects U.S. Tourism
Trump’s “travel” ban has hurt U.S. tourism and is costing airlines millions of dollars worth of revenue–$185 million to be precise–were lost in just one week. Trump’s executive ordered travel ban, which exclusively targets Muslim countries, has hurt the airline business significantly. The CEO of one airlines called the travel ban “divisive.” Trump signed the travel…
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