SAN MATEO COUNTY, CA-The ultra-booming Silicon Valley showed the highest percentage increase in hotel-sales activity during the first six months of 2000, according to a recent report by the Atlas Hospitality Group.

In its “Mid-Year California Hotel Sales Survey,” the Costa Mesa, CA-based group said San Mateo County on the Valley’s northern edge saw four hotels sold during the period, a 100% increase from the same period last year. San Francisco County was second with an 80% increase, selling nine hotels during the period as opposed to five the year before.

Atlas also said that sales price per room in Northern California were 34.3% higher than their Southern California counterparts. Average sales price per room in Northern California was $69,761 during the period, the group said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.