The “SHAKER” Advantage

Sacramento · Oakland · San Francisco · San Diego

The hotel market desk

One page, four metros, updated weekly: what’s observably on the market, what’s moving prices, and the conditions behind both. Every figure sourced and dated — bookmark it and check back.

Latest sweep: 2026-08-03

Conditions that move this market

as of 2026-08-03

10-Year Treasury
4.70%
2026-08-03 · source
30-Year Treasury
5.23%
2026-08-03 · source
SOFR
3.66%
2026-07-31 · source
Prime Rate (DPRIME)
6.75%
2026-07-31 · source
  • Trepp CMBS delinquency rate increased 51 basis points to 7.86% in July 2026; lodging increased 13 basis points to 5.35%

    Lodging credit is deteriorating again after June's improvement, which tightens refinancing terms and strengthens a case for selling now. source

  • California AB 507 (Adaptive Reuse) operative July 1, 2026: ministerial, CEQA-exempt approval for converting nonresidential buildings including hotels into residential or mixed use

    Creates a statewide by-right path to convert hotels to housing, potentially adding a residential-value floor under underperforming assets. source

  • CoStar: U.S. hotel results for week ending 25 July 2026 — occupancy 72.5% (+1.3%), ADR $173.47 (+4.9%), RevPAR $125.72 (+6.3%)

    Top-line trend is solidly positive and rate-driven, meaning current trailing revenue supports a stronger sale narrative today. source

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