Aidan Martin
Bakersfield’s Vibrant Growth & Developments Ahead
Aidan Martin | February 15, 2024
By Aidan Martin The $600-million Hard Rock Hotel & Casino Tejon project, which broke ground on December 14, 2023, promises to inject vitality into the Bakersfield suburb of Mettler. Phase I encompasses 150,000 square feet of gaming space, multiple dining options, and a 2,800-seat event venue. Phase II will include a 400-room hotel and additional dining and entertainment amenities. Phase I is slated to open in October 2025, with Phase II following 20 months later. Though situated 30 minutes from Bakersfield, this project is poised to become a prominent leisure demand generator for the region. In October 2023, plans were approved to...
Destination Los Angeles: A Look at the Future of the Hotel Market
Kirsten Smiley | April 13, 2023
By Kirsten Z. Smiley, Aidan Martin In 2022, the Los Angeles market showed a significant rebound, as ADR well exceeded 2019 levels, although occupancy still trailed pre-pandemic levels. While concerns about COVID began to fade, business travel had yet to fully recover, and international travel was hit by flight shortages and a visa backlog. Regardless, ADR growth was fueled by inflation, the influx of high-quality new hotels that opened in the last few years, and Super Bowl LVI held in February 2022. Recent Los Angeles Hotel Metrics Source: STR Mega Events The 2022 Super Bowl was held at the new SoFi Stadium in February, dur...
