Orange County Business Journal

TOURISM AND MEDIA

Recent and archived news stories on: Airports, Conventions, Entertainment, Hotels, Gaming, Restaurants, Sports, Theme Parks, Travel...

2016 YEAR in Review: Hospitality

Our man to monitor—local honcho for Hong Kong-based Wincome Group—kept a low profile but piloted prominent projects to approvals.

December 12, 2016 midnight   $$ Share
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Palace Parent Posts Gains, Pares Loss

Palace Entertainment Holdings LLC in Newport Beach reported higher revenue in its most recent quarter, as part of a quarterly report by publicly traded parent Parques Reunidos Servicos Centrales SA in Madrid.

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Second Pendry Set for March

The Sagamore Pendry Baltimore hotel is set to open March 20 in the Fells Point neighborhood of the city, following the debut of the first Pendry in San Diego’s Gaslamp quarter earlier this month.

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Aliso Viejo Ad Tech Shop to Close

iHeartMedia Revenue Platforms is shutting down its Aliso Viejo office and moving operations to Texas.

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OCVA Names New Board

Orange County Visitors Association named its new board for the 2017-2018 term.

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Sunstone Sells Fairmont for $125M

Hotel REIT Sunstone Hotel Investors Inc. in Aliso Viejo sold Fairmont Newport Beach for $125 million.

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Montage's Pendry San Diego Opens

The Pendry San Diego opened last week in downtown San Diego’s Gaslamp Quarter; Pendry is the lifestyle urban hotel line of Montage International in Irvine, which also runs Montage Hotels & Resorts properties, including a flagship location in Laguna Beach.

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Hotel Deals Down in 2016

22 hotels sold in Orange County for $807 million last year, down 19% and 54%, respectively, from 2015, when 27 hotels sold for $1.8 billion, according to Atlas Hospitality Group in Irvine.

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Magazine Refreshes

Motorcyclist magazine in Irvine will debut a new look with its March/April issue, which goes on sale Feb. 28.

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JWA November Traffic Up

John Wayne Airport reported 865,000 passengers flew in and out of the airport in November, up 3.5% year-over-year.

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Disney Sets Star Wars Land Date

Disneyland Resort will open Star Wars Land in 2019, Walt Disney Co. Chairman and Chief Executive Robert Iger said on the company’s quarterly conference call.

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Lama Leaves Pelican Hill

Giuseppe Lama’s tenure as managing director at the Resort at Pelican Hill has ended after about nine years.

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Irvine Chamber Gets New Name

Greater Irvine Chamber is the new name of the former Irvine Chamber of Commerce.

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NB Tennis Team Sold

Laguna Beach resident Eric Davidson has purchased Orange County’s professional tennis team from Canadian technology and media entrepreneur Lorne Abony.

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Disney Parks Up in Down Quarter

The parks and resorts division of Walt Disney Co. in Burbank had quarterly operating income of $1.1 billion on revenue of $4.6 billion, up 13% and 6% compared with the same period last year.

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Hotel Marketer Books $1.1B

Preferred Hotels & Resorts booked $1.1 billion in reservations in 2016 for the hotels in its system.