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Hotel Market Sees Strong RevPAR Growth

LOS ANGELES—Following the acquisition of DoubleTree by Hilton San Diego Hotel Circle, Oak Coast Properties' Phillip Nahas sits down for an EXCLUSIVE interview to talk about the hotel market and the firm's investment strategy.

By Kelsi Maree Borland | Updated on April 24, 2015

LOS ANGELES—The hotel market in the western region of the US is seeing really strong revPAR growth, driven by strong occupancy gains and ADR growth. This growth is creating great opportunities for investors, not only in top-tier markets but in secondary markets as well, according to Phillip Nahas, managing partner at Oak Coast Properties, which recently acquired the DoubleTree by Hilton San Diego Hotel Circle for $49 million, with plans to invest an additional $3 million into the property. To find out more about the hotel market in the western region and how these trends are affecting the investor’s investment strategy, we sat down with Nahas for an exclusive interview. Here is what he says about the hotel market.

GlobeSt.com: Give me a snapshot of the hotel market in the Western region of the US.

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