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Article: San Diego sets state record in '07 for new hotel rooms: area boasts 709% increase over 2006.(Report)
- Article from:
- San Diego Business Journal
- Article date:
- February 11, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While sales of major hotels have come to a near standstill in the county, except for the historic La Valencia in La Jolla that went on the block several months ago, it's just the opposite for lodging development.
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.
That's a remarkable statistic, considering that San Diego saw nearly one-fifth of the state's total of 5,668 new rooms open in a time the report's author, Alan Reay, referred to as "a watershed year for new California hotels."
"Not only did the number of new rooms (in ...