Real Estate/Development
Feb. 18, 2012
Big bump in hotel transactions here to stay?
Last year, hotel sales amounted to $14 billion in 2011 nationwide. And California was a shining star in that recovery, with hotel sales rising 37 percent to $3.5 billion last year, compared with $1.3 billion in 2010.
Daily Journal Staff Writer
Perched high on Nob Hill, the Huntington Hotel has long been a landmark.
Built in 1922 as luxury apartments, it was converted into a hotel after World War II, and its restaurant, The Big Four, pays tribute to 19th Century railroad barons whose mansions used to adorn the area.
But since last October, it's acquired another distinction: one of the highest-priced hotel sales per room in the...
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