News
OC Hotel Sales Skyrocket
February 11, 2015
Hotel sales in Orange County in 2014 were more than twice what they were in 2013 by deal volume, and skyrocketed by five times in dollar volume, the Orange County Business Journal reports. The paper cited Irvine-based Atlas Hospitality Group, which conducted a survey reporting 30 local hotels sold for $815M last year, compared with 14 for $131M in 2013. Even excluding the mega trade of the St. Regis Monarch Beach (pictured) in Dana Point for $317M, transactions still doubled and dollar value more than tripled year-over-year.
