Search
 

Inland Hotel Sales Sizzle

COSTA MESA, CA-The number and dollar volume of sales rise dramatically in the Inland Empire, according to an Atlas Hospitality report. Sales fall in Orange County, but the price per room rises.

By Bob Howard | Updated on November 18, 2003

COSTA MESA, CA-The number of hotel sales and total dollar volume of sales fell in Orange County during the first half of this year, according to a new survey by Costa Mesa-based Atlas Hospitality Group, but the two Inland Empire counties of Riverside and San Bernardino both posted more sales transactions and a higher dollar volume.

In Orange County, the number of sales fell by 18.7% to a total of 13 sales when compared with the first half of last year, while the dollar volume of transactions declined by 12.7% to approximately $69.4 million, according to the Atlas report. However, the median price per room was up by 2.8% to $57,480 in Orange County, indicating the county’s hotels are holding their value.

One of the most dramatic findings of the survey is the increase in prices paid in the Inland Empire, where the median price per room rose 43% in Riverside County to $59,500 and climbed 33% in San Bernardino County to $40,000 in comparison with prices for the first half of 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.