IRVINE, CA—The improved economy, coupled withthe spike in new hotel development, means weare seeing more owners invest considerable amount of dollars towardrenovation and upgrades, Atlas Hospitality Group'spresident Alan Reay tells GlobeSt.com. The firmrecently released its 2017 Year-End California Hotel DevelopmentSurvey, which revealed that six Orange County hotels with 960 roomsopened in 2017, a 47%-room-count drop from the seven hotels with1,808 hotels that opened in 2016.
The 271-room Marriott Irvine Spectrum was thelargest hotel to open in Orange County in 2017, according to thesurvey. The market has eight hotels with 1,657 rooms underconstruction; the largest is the 613-roomWestin Anaheim Resort. Orange County has 57 hotelswith 11,184 rooms in planning, a 27% room-count increase over2016.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
