california hotel market overview€¦ · california hotel market overview may 10th, 2017 presented...
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![Page 1: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/1.jpg)
Copyright 2016 © Atlas Hospitality Group
JMBM Meet the Money
California Hotel Market Overview May 10th, 2017
Presented by
Alan X. Reay, President CA BRE: 00959901 Atlas Hospitality Group Tel. (949) 622-3400, ext. 409 E-mail: [email protected] Web: www.atlashospitaltiy.com
![Page 2: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/2.jpg)
2016 Review
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Sales volume down 30% Median price per room down 5% Northern California sales volume down 13% Southern California sales volume down 43%
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Historical Sales Chart
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# Sales
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Historical Sales Chart
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2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Mill
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$ Volume
![Page 6: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/6.jpg)
Historical Sales Chart
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Median Price per Room
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California Hotel Market: 2007 All Over Again?
![Page 8: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/8.jpg)
Hotel Sales 2016 2007
Sales Volume
Median Price per Room
Sales
Hotel Development 2016 2007
New Rooms Open
Hotels Open
Hotels Under Construction
Hotels in Planning
Rooms in Planning
↓30% ↓32%
$95,455 $91,507
322 343
5,572 5,668
112 98
17,623 16,495
679 274
102,891 43,436
![Page 9: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/9.jpg)
Median Price per Room By Region
![Page 10: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/10.jpg)
2016 2007 California $95,455 $91,507
San Francisco $389,118 $154,159 Santa Clara $286,667 $92,308 San Mateo $166,864 $80,952 Orange County $138,990 $96,906 Alameda $134,726 $70,028 Riverside $128,134 $106,061 San Diego $116,468 $99,358 Los Angeles $113,942 $83,374 Sacramento $74,132 $69,664 San Bernardino $61,232 $76,667
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New Hotel Development
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38 new hotels opened in California in 2016, adding 5,572 rooms 112 hotels were under construction at the end of 2016, totaling 17,623 rooms 679 hotels are in planning, totaling 102,891 rooms
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SoCal Development Highlights
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Los Angeles County Los Angeles County opened eight hotels in 2016. There are 37 hotels under construction, accounting for over 41% of all of California’s new supply. LA County leads the state with 175 hotels with 26,281 rooms in planning, a 32% increase over 2015.
![Page 15: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/15.jpg)
San Diego County Six new San Diego County hotels opened in 2016. There are eight hotels under construction, with 1,444 rooms. San Diego County has 72 hotels with 14,981 rooms in planning, a 34% increase over 2015.
![Page 16: California Hotel Market Overview€¦ · California Hotel Market Overview May 10th, 2017 Presented by . Alan X. Reay, President . CA BRE: 00959901 . Atlas Hospitality Group Tel. (949)](https://reader036.vdocuments.us/reader036/viewer/2022070112/60558649b723047865465514/html5/thumbnails/16.jpg)
Orange County Seven new Orange County hotels opened in 2016. There are 11 hotels under construction, with 1,655 rooms. Orange County has 40 hotels with 8,808 rooms in planning, a 108% increase over 2015.
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Q1 2008 Q1 2017 # of Sales Sales Volume
1st Quarter Results
↓40% ↓56%
↑34% ↑62%
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Any Questions….
Alan X. Reay President / CA BRE: 00959901
Atlas Hospitality Group Tel. (949) 622-3400, ext. 409
E-mail: [email protected] Web: www.atlashospitaltiy.com