My China Star

It is estimated that will there be a triple increase in the value of the hotels sold in the United States in 2011 than in 2010?.The hotel sales values are increasing due to factors that drive those values room prices and occupancy rates have recovered now that the economy has slowed its collapse, for now.That boom also has been materialised in the hotel Walnut Creek.We have a history very well in our private property, and the Bay Area in general, said Nelson, the Manager of the hotel. Rooms are being built. We are seeing a slow and steady improvement demand and business on the increase throughout the year.Marriott Walnut Creek is being marketed by a team of runners from a property firm Jones Lang LSalle hotels commercial real estate.The hotel, recently completed a renovation of powerful amounted to US $8.1 million, said John Strauss, managing director of Jones Lang LSalle Hotels.All its rooms and a considerable amount of public spaces have been updated, that a new owner will be able to leverage to boost revenue in the market recovers, said Strauss.El hotel could benefit from future upgrades to its conference rooms, said Mark Fraioli, Vice President of Jones Lang LSalle Hotels.A new owner could complete a renewal of meetings with full capability to make this hotel the main group in Walnut Creek and thrust of occupancy and average daily rates above the historical level, said.The hotel is being offered for sale as a result of a March by Nesbitt financing effort and Capital Windsor.Nesbitt rescued 18 of its hotels of foreclosure by landing $165 billion in new mortgages from Starwood property trust to pay a loan in arrears in the hands of investors Jonathan Eilian.La refinancing and $22 million that Nesbitt acquired in the sale of an apartment complex Walnut Creek was used to pay the loan and a mortgage Eilian 108.000.000 dollars in several of its hotels.Marriott Walnut Creek is It became a specific property for sale as a result of the financing effort, according to Jones Lang LSalle Hotels.Un lots of buyers likely to arise for the East Bay hotel, Reay said.This type of asset is much stronger than it was only 12 months ago, he said. They will have an enormous amount of interest in that hotel..