CALIFORNIA BUSINESS MINUTE
Hotel Development
03-05-08
Hi, I am Tim Johnson and welcome to the California Business Minute.
2007 was a watershed year for California with the construction of 5,668 new hotel
rooms as compared to the 2006 total of 3,265 hotel rooms opened in the state.
According to a report by Atlas Hospitality Group, 1,043 new rooms opened in five
hotels in San Diego during 2007 more rooms than any other county in the state.
In addition there are 10 hotels with a total of 2,751 rooms under construction in San
Diego in 2007, including the 1,190-room Hilton Bayfront on downtowns waterfront,
formerly known as the Hilton San Diego Convention Center Hotel, which is expected
to open in November. At present, it is also the largest hotel under construction in the
state.
Los Angeles County had nine new hotels with a total of 1,001 rooms open in 2007,
while 4,352 rooms were under construction. While no hotels opened in Orange County,
there were 1,983 rooms being built. Riverside County saw four new projects with a total
of 398 rooms open last year, and 655 rooms were under construction. San Bernardino
added 118 rooms in two hotels last year, and had 1,242 rooms under construction in
11 properties.
Throughout Southern California there were 43,436 rooms in planning last year, up 6 percent
from 2006. In Northern California there were 24,738 rooms in planning in 2007, up from
18,491 rooms the year before.
I am Tim Johnson and this has been the California Business Minute.
|
