Alan Reay

Last updated on 2015-02-18T04:33+0300.

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Alan Reay said ( about Marriott ) : “The Marriott Newport Beach sold at just over $400,000 per room, a substantial discount to replacement cost and well below other recent sales comps for Southern California,” External link

mynews13 Tuesday, November 10, 2020 5:48:00 AM EAT

Alan Reay said : “It shows that for well-located assets, there is still strong buyer demand,” External link

mynews13 Tuesday, November 10, 2020 5:48:00 AM EAT

Alan Reay said : “I think with this morning's announcement from Pfizer on a possible vaccination, I think we are going to see a lot more potential hotel seller's take a wait and see position,” “I do not see a lot of hotels coming to market with distressed pricing” External link

mynews13 Tuesday, November 10, 2020 5:48:00 AM EAT

Alan Reay said : “I think on a price per room basis, this hotel, in 2019, could have been at least $100,000 to $200,000 per room higher, so it could have been anywhere from 15 to 20% higher,” External link

daily-pilot Friday, November 6, 2020 5:38:00 AM EAT

Alan Reay said : “People are really looking at what the hotel generated in 2019 and then factoring how long it’s going to take before they get back to 2019 kind of revenue numbers and buyers typically will build that into a reserve and take it off the price,” External link

daily-pilot Friday, November 6, 2020 5:38:00 AM EAT

Alan Reay said : “Right across the road from this proposed development is another for 35 houses. The developer had permission to build, some digging started and the ground has just been left in a mess” External link

newsandstar Sunday, October 25, 2020 11:24:00 PM EAT

Alan Reay said : “Anaheim has not had any [non-Disney] hotels in the luxury segment prior to these three hotels,” External link

mynews13 Saturday, October 17, 2020 4:07:00 PM EAT

Alan Reay asks : “How much lead time is going to be needed for organizers to get a good feel on attendees?” “In the short term, I see the numbers on these big conventions being way off as people take a ‘wait and see’ approach” External link

whittierdailynews Friday, September 18, 2020 7:56:00 PM EAT

Alan Reay said : “As most of the conventional lenders and SBA have agreed to defer loan payments, we are still not seeing a lot of foreclosures on hotels,” “We are seeing a lot of delinquencies on hotel loan payments on the CMBS side and foreclosures/bankruptcies on hotels under construction, in particular the Coachella Valley” External link

mynews13 Thursday, August 20, 2020 5:26:00 PM EAT

Alan Reay says : “There are very few players that have the funds to take on a deal of this magnitude,” External link

dailynews Wednesday, May 6, 2020 12:30:00 AM EAT

Alan Reay says : “There are very few players that have the funds to take on a deal of this magnitude,” External link

whittierdailynews Wednesday, May 6, 2020 12:27:00 AM EAT

Alan Reay said : “San Diego is definitely looked upon favorably by construction lenders and that’s because San Diego has such a diverse base of business, from tourism to biomedical technology, and convention and meeting business,” “And investors as well as lenders like an economy that is not heavily reliant on one industry. San Diego is one of the most desirable markets in California” External link

utsandiego Tuesday, January 14, 2020 5:17:00 PM EAT

Alan Reay added : “I also believe that Ohana sees more upside in the Monarch Beach Resort,” External link

dailynews Friday, December 27, 2019 1:21:00 AM EAT

Alan Reay said : “This is in Coronado, where it’s extremely difficult to get approvals for anything so the value of being able to add more rooms to that is incredible,” External link

utsandiego Friday, February 15, 2019 5:24:00 PM EAT

Alan Reay said : “The last time we saw this kind of a drop was from 2008 to 2009, when there was a 50 percent decline in sales transactions,” External link

utsandiego Tuesday, February 5, 2019 11:06:00 PM EAT

Alan Reay said : “The last time we saw this kind of a drop was from 2008 to 2009, when there was a 50 percent decline in sales transactions,” External link

utsandiego Tuesday, February 5, 2019 6:21:00 PM EAT

Alan Reay said : "If there was a cause, Dee supported it. She has been a fantastic asset to the town" External link

newsandstar Thursday, January 10, 2019 1:16:00 AM EAT

Alan Reay said : “In Mission Valley, where properties are going for well over $200,000 per room today, this purchase gives the new owners a big margin for adding improvements to the hotel,” “They bought the asset below market price because it's under-performing the market, and Brighton is an excellent management company and can come in and renovate the hotel and increase the revenue” External link

utsandiego Saturday, December 10, 2016 3:56:00 AM EAT

Alan Reay said : “The publicly traded companies were out of the market so the properties they’d normally buy weren’t being bought,” “Their stock prices plummeted at the beginning of the year, so the companies traded at a price where it didn’t make sense to be buying, so what was left were a lot of smaller investors buying these 30-, 40-, 50-, 60-room hotels” External link

utsandiego Tuesday, August 16, 2016 9:41:00 AM EAT

Alan Reay said : “At the end of 2015, the average price per room for hotels sold in San Diego was $197,000, and that is well above replacement cost for select service hotels so that’s why you’re seeing a building boom,” “That sort of product is going to cost you about $100,000 to $120,000 per room, so if I’m going to pay $120,000 for a 30-year-old product, I’m going to look for a site where I can build a hotel” External link

latimes Thursday, August 4, 2016 11:19:00 PM EAT

Alan Reay said : “We have to be mindful of how many hotels are going to be constructed and can the market absorb all the new inventory, but if we look back in history, we can see we’ve gone through a number of booms and busts where we’ve added too many rooms,” “I was just speaking to a lender this morning where he said you can’t get a new construction loan today in Manhattan, so the lenders will shut down before the developers do” External link

latimes Thursday, August 4, 2016 11:19:00 PM EAT

Alan Reay said : “At the end of 2015, the average price per room for hotels sold in San Diego was $197,000, and that is well above replacement cost for select service hotels so that’s why you’re seeing a building boom,” “That sort of product is going to cost you about $100,000 to $120,000 per room, so if I’m going to pay $120,000 for a 30-year-old product, I’m going to look for a site where I can build a hotel” External link

utsandiego Thursday, August 4, 2016 9:41:00 PM EAT

Alan Reay said : “We have to be mindful of how many hotels are going to be constructed and can the market absorb all the new inventory, but if we look back in history, we can see we’ve gone through a number of booms and busts where we’ve added too many rooms,” “I was just speaking to a lender this morning where he said you can’t get a new construction loan today in Manhattan, so the lenders will shut down before the developers do” External link

utsandiego Thursday, August 4, 2016 9:41:00 PM EAT

Alan Reay said : "As bad as things were in 2009 and 2010, things have come way back for the hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 6:50:00 AM EAT

Alan Reay said : "The revenue numbers are phenomenal right now and it's a strong, healthy hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 6:50:00 AM EAT

Alan Reay said : "As bad as things were in 2009 and 2010, things have come way back for the hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 2:20:00 AM EAT

Alan Reay said : "The revenue numbers are phenomenal right now and it's a strong, healthy hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 2:20:00 AM EAT

Alan Reay said : "As much as we had a perfect storm in 2009, we are at the opposite end of the spectrum now," External link

latimes Monday, February 16, 2015 6:13:00 AM EAT

Alan Reay said : "shattered the price barrier for California hotels by a wide margin," External link

latimes Monday, February 16, 2015 6:13:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
president12.90%EN02/25/201725/02/2017
engineer45.16%EN02/22/201722/02/2017
president of orange3.23%EN12/10/201610/12/2016
supervisor3.23%EN11/28/201628/11/2016
president of atlas hospitality group6.45%EN07/08/201608/07/2016
consultant9.68%EN01/31/201531/01/2015
boss19.35%EN12/11/201211/12/2012
Names Lang Count
Alan ReayEN100.00%


 
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AfricaBrief

Alan Reay

Last updated on 2015-02-18T04:33+0300.

About this image

sign

Quotes... Extracted quotes from

Alan Reay said ( about Marriott ) : “The Marriott Newport Beach sold at just over $400,000 per room, a substantial discount to replacement cost and well below other recent sales comps for Southern California,” External link

mynews13 Tuesday, November 10, 2020 5:48:00 AM EAT

Alan Reay said : “It shows that for well-located assets, there is still strong buyer demand,” External link

mynews13 Tuesday, November 10, 2020 5:48:00 AM EAT

Alan Reay said : “I think with this morning's announcement from Pfizer on a possible vaccination, I think we are going to see a lot more potential hotel seller's take a wait and see position,” “I do not see a lot of hotels coming to market with distressed pricing” External link

mynews13 Tuesday, November 10, 2020 5:48:00 AM EAT

Alan Reay said : “I think on a price per room basis, this hotel, in 2019, could have been at least $100,000 to $200,000 per room higher, so it could have been anywhere from 15 to 20% higher,” External link

daily-pilot Friday, November 6, 2020 5:38:00 AM EAT

Alan Reay said : “People are really looking at what the hotel generated in 2019 and then factoring how long it’s going to take before they get back to 2019 kind of revenue numbers and buyers typically will build that into a reserve and take it off the price,” External link

daily-pilot Friday, November 6, 2020 5:38:00 AM EAT

Alan Reay said : “Right across the road from this proposed development is another for 35 houses. The developer had permission to build, some digging started and the ground has just been left in a mess” External link

newsandstar Sunday, October 25, 2020 11:24:00 PM EAT

Alan Reay said : “Anaheim has not had any [non-Disney] hotels in the luxury segment prior to these three hotels,” External link

mynews13 Saturday, October 17, 2020 4:07:00 PM EAT

Alan Reay asks : “How much lead time is going to be needed for organizers to get a good feel on attendees?” “In the short term, I see the numbers on these big conventions being way off as people take a ‘wait and see’ approach” External link

whittierdailynews Friday, September 18, 2020 7:56:00 PM EAT

Alan Reay said : “As most of the conventional lenders and SBA have agreed to defer loan payments, we are still not seeing a lot of foreclosures on hotels,” “We are seeing a lot of delinquencies on hotel loan payments on the CMBS side and foreclosures/bankruptcies on hotels under construction, in particular the Coachella Valley” External link

mynews13 Thursday, August 20, 2020 5:26:00 PM EAT

Alan Reay says : “There are very few players that have the funds to take on a deal of this magnitude,” External link

dailynews Wednesday, May 6, 2020 12:30:00 AM EAT

Alan Reay says : “There are very few players that have the funds to take on a deal of this magnitude,” External link

whittierdailynews Wednesday, May 6, 2020 12:27:00 AM EAT

Alan Reay said : “San Diego is definitely looked upon favorably by construction lenders and that’s because San Diego has such a diverse base of business, from tourism to biomedical technology, and convention and meeting business,” “And investors as well as lenders like an economy that is not heavily reliant on one industry. San Diego is one of the most desirable markets in California” External link

utsandiego Tuesday, January 14, 2020 5:17:00 PM EAT

Alan Reay added : “I also believe that Ohana sees more upside in the Monarch Beach Resort,” External link

dailynews Friday, December 27, 2019 1:21:00 AM EAT

Alan Reay said : “This is in Coronado, where it’s extremely difficult to get approvals for anything so the value of being able to add more rooms to that is incredible,” External link

utsandiego Friday, February 15, 2019 5:24:00 PM EAT

Alan Reay said : “The last time we saw this kind of a drop was from 2008 to 2009, when there was a 50 percent decline in sales transactions,” External link

utsandiego Tuesday, February 5, 2019 11:06:00 PM EAT

Alan Reay said : “The last time we saw this kind of a drop was from 2008 to 2009, when there was a 50 percent decline in sales transactions,” External link

utsandiego Tuesday, February 5, 2019 6:21:00 PM EAT

Alan Reay said : "If there was a cause, Dee supported it. She has been a fantastic asset to the town" External link

newsandstar Thursday, January 10, 2019 1:16:00 AM EAT

Alan Reay said : “In Mission Valley, where properties are going for well over $200,000 per room today, this purchase gives the new owners a big margin for adding improvements to the hotel,” “They bought the asset below market price because it's under-performing the market, and Brighton is an excellent management company and can come in and renovate the hotel and increase the revenue” External link

utsandiego Saturday, December 10, 2016 3:56:00 AM EAT

Alan Reay said : “The publicly traded companies were out of the market so the properties they’d normally buy weren’t being bought,” “Their stock prices plummeted at the beginning of the year, so the companies traded at a price where it didn’t make sense to be buying, so what was left were a lot of smaller investors buying these 30-, 40-, 50-, 60-room hotels” External link

utsandiego Tuesday, August 16, 2016 9:41:00 AM EAT

Alan Reay said : “At the end of 2015, the average price per room for hotels sold in San Diego was $197,000, and that is well above replacement cost for select service hotels so that’s why you’re seeing a building boom,” “That sort of product is going to cost you about $100,000 to $120,000 per room, so if I’m going to pay $120,000 for a 30-year-old product, I’m going to look for a site where I can build a hotel” External link

latimes Thursday, August 4, 2016 11:19:00 PM EAT

Alan Reay said : “We have to be mindful of how many hotels are going to be constructed and can the market absorb all the new inventory, but if we look back in history, we can see we’ve gone through a number of booms and busts where we’ve added too many rooms,” “I was just speaking to a lender this morning where he said you can’t get a new construction loan today in Manhattan, so the lenders will shut down before the developers do” External link

latimes Thursday, August 4, 2016 11:19:00 PM EAT

Alan Reay said : “At the end of 2015, the average price per room for hotels sold in San Diego was $197,000, and that is well above replacement cost for select service hotels so that’s why you’re seeing a building boom,” “That sort of product is going to cost you about $100,000 to $120,000 per room, so if I’m going to pay $120,000 for a 30-year-old product, I’m going to look for a site where I can build a hotel” External link

utsandiego Thursday, August 4, 2016 9:41:00 PM EAT

Alan Reay said : “We have to be mindful of how many hotels are going to be constructed and can the market absorb all the new inventory, but if we look back in history, we can see we’ve gone through a number of booms and busts where we’ve added too many rooms,” “I was just speaking to a lender this morning where he said you can’t get a new construction loan today in Manhattan, so the lenders will shut down before the developers do” External link

utsandiego Thursday, August 4, 2016 9:41:00 PM EAT

Alan Reay said : "As bad as things were in 2009 and 2010, things have come way back for the hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 6:50:00 AM EAT

Alan Reay said : "The revenue numbers are phenomenal right now and it's a strong, healthy hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 6:50:00 AM EAT

Alan Reay said : "As bad as things were in 2009 and 2010, things have come way back for the hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 2:20:00 AM EAT

Alan Reay said : "The revenue numbers are phenomenal right now and it's a strong, healthy hotel market in Silicon Valley," External link

mercurynews Friday, July 8, 2016 2:20:00 AM EAT

Alan Reay said : "As much as we had a perfect storm in 2009, we are at the opposite end of the spectrum now," External link

latimes Monday, February 16, 2015 6:13:00 AM EAT

Alan Reay said : "shattered the price barrier for California hotels by a wide margin," External link

latimes Monday, February 16, 2015 6:13:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
president12.90%EN02/25/201725/02/2017
engineer45.16%EN02/22/201722/02/2017
president of orange3.23%EN12/10/201610/12/2016
supervisor3.23%EN11/28/201628/11/2016
president of atlas hospitality group6.45%EN07/08/201608/07/2016
consultant9.68%EN01/31/201531/01/2015
boss19.35%EN12/11/201211/12/2012
Names Lang Count
Alan ReayEN100.00%


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