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S.D. hotel sales could be among big deals of 2004: funding for major transactions appears to be loosening up.

Publication: San Diego Business Journal
Publication Date: 23-FEB-04 		Format: Online - approximately 738 words
Delivery: Immediate Online Access
Full Article Title: S.D. hotel sales could be among big deals of 2004: funding for major transactions appears to be loosening up.(San Diego )

Article Excerpt
In the first half of 2003, San Diego trailed the rest of the state in the sale of hotel properties.

But that trend could be reversed since tourism began to ramp up in the third quarter nationwide, and expectations for continued improvement have lenders looking more favorably at hotel acquisitions, said Carl Winston, director of San Diego State University's Department of Hospitality and Tourism Management.

According to a report by Costa Mesa-based Atlas Hospitality Group, one of the state's largest hotel brokers, transactions in the county declined 25 percent in the first half of 2003, compared to the same period in 2002, while the dollar volume was off by...

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