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Hospitality industry poised to roar into 2012
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from the North County Times (Dec. 30, 2011):
And local hospitality veteran Bob Rauch said he and nearly all of his peers have been very busy this December.
“There’s a bunch of pretty happy people going into 2012,” said Rauch, who operates a Homewood Suites and a Hilton Garden Inn in Carmel Valley. Read more…
mark @ January 4, 2012
San Marcos drops sale price for proposed hotel
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from the North County Times (Dec 24, 2011):
Robert Rauch, a San Diego hotel owner and consultant, said San Marcos was a strong location for a new hotel, largely because the university would drive occupancy.
He said, however, that financing was exceptionally tight, and most lenders expect prospective borrowers to come up with half the cash required for their projects. The San Marcos project, he said, could cost about $18 million to build, including the land.
Rauch said the city loan was an unusual arrangement, and questioned whether the company would have sufficient capital to secure a loan for construction.
“It’s not typical that the city would loan them the money,” he said. “If they can’t pay for the land, how are they going to afford to build a hotel?”
However, the arrangement could help with financing requirements by reducing the amount the company must borrow from other lenders, Rauch said.
“It’s a great deal, if they can get the city to loan them the money at a low interest rate,” he said.
mark @ January 4, 2012
North County Times: Job Picture Improves in November as economy begins to heal
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from the North County Times December, Friday December 16, 2011:
Over the past year, the leisure and hospitality sector added 6,000 jobs.
“The industry tried to hold on to its labor force, but we shed jobs in 2009 and 2010, and in 2011, there wasn’t much hiring until very recently,” said veteran hotelier Bob Rauch of R.A. Rauch & Associates Inc., a San Diego-based hotel management company.
Last week, Rauch opened his La Jolla-based 40-room Pantai Inn, a super-luxury boutique hotel with a Balinese theme. He hired 15 people for the Pantai and has added here and there at his other properties, including the Homewood Suites by Hilton and Hilton Garden Inn, both of which are in Carmel Valley.
mark @ December 17, 2011
Indonesian-inspired Pantai Inn opens in La Jolla
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California’s first oceanfront boutique hotel modeled after Balinese retreats captures exotic charm and the culture of genuine hospitality
La Jolla, CA, November 21, 2011 – Reminiscent of the tranquil retreats of the Indonesian island, Pantai Inn (pronounced pawn-tai) will open Thanksgiving weekend 2011 with ten richly appointed suites designed with custom-made, wood-carved furnishings, stone carvings, and hand-selected décor from Bali. Pantai Inn offers one- and two-bedroom suites, plus Pandang, the property’s signature three-bedroom villa.
mark @ November 25, 2011
Press: The Best Is Set to Come at Famed Resort
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From the San Diego Business Journal (Monday, Nov. 21, 2011)
“The luxury sector has been faster to rebound, but it was also the hardest hit during the recession,” said Robert Rauch, who heads the locally based hospitality consulting firm R.A. Rauch & Associates Inc. and operates two Hilton-branded hotels in San Diego. Rauch says while the region’s highest-profile properties get the bulk of attention from remodeling projects, there are potentially dozens of hotels in San Diego County undergoing renovations at any given time. Many are improvements geared to replacing furnishings based on regular wear and tear, while other operators might decide that more extensive updating is in order to remain competitive.
mark @ November 21, 2011
