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REAL ESTATE: Development push extends to Silicon Valley
Irvine-based R.D. Olson Development is under contract to sell a trio of its recently built hotels here for $103 million to a Virginia-based investor.
ECONOMY: 65% surveyed for CSUF index expect Q1 growth
Orange County executives are starting 2015 with increased optimism, according to the latest quarterly index by California State University-Fullerton’s Mihaylo College of Business and Economics.
APPAREL: Summer in January for labels, buyers at Monarch Beach
Major swimwear brands and retailers will gather this week for the Swim Collective at the St. Regis Monarch Beach Resort in Dana Point, sipping on bubbly and looking for sales.
Meetings and conventions venues, which host many events that involve guests eating and drinking, typically experience trends taking place at restaurants in the community, and Orange County is no exception. Local operators observed some similar patterns last year and expect many in common this year. The Business Journal’s Paul Hughes asked a sampling of venue executives about significant food and beverage trends and how the hospitality industry is responding to them in the meetings business arena. Here are edited excerpts of their responses.
Hotels Reach Beyond Big Groups to Meet Needs
Going “dark” in the meetings and conventions business is a bad thing.
Venues Get Creative, Find Niches to Home in On
Out-of-town groups that book rooms, meeting space, food and beverage, and an interesting evening event or two spend more than 80% of dollars spent on meetings in Orange County.
Up 1.3% As More Small Rooms Meet New Demand
Orange County hotels added little meeting space last year, but what they did bring online came creatively in a market where occupancy and room rates are growing.
Anyone who doubts that science and technology are all over the place—or that Orange County is all over tech—can check our Chris Casacchia’s front-page piece on the CES show in Las Vegas.
HOTELS: $53M estimate for 302-room property near JWA
The Hilton Irvine/Orange County Airport has been sold to a San Jose-based investor.
Newport Beach-based accounting firm Anton & Chia LLP has entered into a joint venture with Morine & Co. Chartered Accountants LLP in Vancouver.
EDUCATION: Draws from ethnic communities here, overseas
A for-profit school in a modest office park in the shadow of Angel Stadium in Anaheim has quietly grown sixfold in three years—and it has its sights on more.
Irvine-based Habit Restaurants Inc. signed its first international expansion deal, an agreement with an area franchiser in the Middle East to develop 50 restaurants in six countries over the next 10 years.
Newport Beach-based alternative fuel developer and supplier Clean Energy Fuels Corp. sold its majority stake in a biomethane production facility in Dallas to a minority owner for $40.6 million.
Irvine-based Impac Mortgage Holdings Inc. agreed to acquire the mortgage operations of CashCall Inc. Terms were not disclosed.