Sea Glass Hospitality Partners

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The COVID-19 pandemic has accelerated many of the changes we began to see percolating throughout the hotel industry. Amo...
04/30/2021

The COVID-19 pandemic has accelerated many of the changes we began to see percolating throughout the hotel industry. Among these are a broader adoption of or openness to greater uses of technology to enhance the guest experience and reduce operating expenses.

The COVID-19 pandemic has accelerated many of the changes we began to see percolating throughout the hotel industry. Among these are a broader adoption of or openness to greater uses of technology to enhance the guest experience and reduce operating expenses. While we discussed some of the benefits....

The “new normal” is a term that has been thrown around since the COVID-19 pandemic began last year. The funny thing is t...
03/26/2021

The “new normal” is a term that has been thrown around since the COVID-19 pandemic began last year. The funny thing is that no one really knows what the new normal means.

The “new normal” is a term that has been thrown around since the COVID-19 pandemic began last year. The funny thing is that no one really knows what the new normal means. Pandemic-related concerns, restrictions, and guidance continue to evolve and as we begin to see a light at the end of the tun...

It is almost surreal to realize that we have been living with the global pandemic for a year now. Almost one year ago to...
03/05/2021

It is almost surreal to realize that we have been living with the global pandemic for a year now. Almost one year ago to the day international travel was halted, the NBA suspended its season, and Tom Hanks & Rita Wilson contracted COVID-19. So much has happened since then that it seems like the past year has been a decade if not longer! But we have persevered, and we should take heed of what we’ve been able to accomplish and how our operations have changed over the past year.

It is almost surreal to realize that we have been living with the global pandemic for a year now. Almost one year ago to the day international travel was halted, the NBA suspended its season, and Tom Hanks & Rita Wilson contracted COVID-19. So much has happened since then that it seems like the past

One of the transformative effects of the COVID-19 pandemic has been the transition for many business sectors to long-ter...
01/29/2021

One of the transformative effects of the COVID-19 pandemic has been the transition for many business sectors to long-term remote or work from home (WFH) situations.

One of the transformative effects of the COVID-19 pandemic has been the transition for many business sectors to long-term remote or work from home (WFH) situations. The longer that the pandemic continues, there is talk of WFH fatigue and the desire for employees to get back to the office. However, m...

Last year at this time, we were celebrating one of the most successful years in our industry and our anticipation for th...
12/18/2020

Last year at this time, we were celebrating one of the most successful years in our industry and our anticipation for the year ahead was enthusiastic. Holiday parties, team member celebrations, client success events, these were just some of the annual rituals we took for granted. As 2019 rolled into 2020, the year was shaping up nicely and then we all know how drastically our expectations shifted by the end of March. Suddenly our plans were thrown out the window, budgets went up in flames, and one of the most painful aspects was furloughing or laying off team members we’ve worked with, trained, and enjoyed each other’s company for many years.

Last year at this time, we were celebrating one of the most successful years in our industry and our anticipation for the year ahead was enthusiastic. Holiday parties, team member celebrations, client success events, these were just some of the annual rituals we took for granted. As 2019 rolled into...

In the first four posts in this series, we described the basics of a hotel PSA and then reviewed many of the major point...
11/24/2020

In the first four posts in this series, we described the basics of a hotel PSA and then reviewed many of the major points of the PSA. In this final post, we discuss some of the other points to get to a successfully executed PSA.

Part 5: Let’s Get It Done In the first four posts in this series, we described the basics of a hotel PSA and then reviewed many of the major points of the PSA. In this final post, we discuss some of the other points to get to a successfully executed PSA. Other Items Remember that a PSA is

In the first three posts in this series, we reviewed the basics of a hotel PSA, we then got into pricing and the Due Dil...
11/06/2020

In the first three posts in this series, we reviewed the basics of a hotel PSA, we then got into pricing and the Due Diligence (DD) period, and we then moved onto the closing process and assets covered in the sale. We will now move onto the details of potential pricing adjustments, prorations, determining the legal responsibilities of the Buyer and the Seller, and briefly describe what may occur in the unfortunate event that the transaction is not completed.

Part 4: What’s Yours and What’s Mine? In the first three posts in this series, we reviewed the basics of a hotel PSA, we then got into pricing and the Due Diligence (DD) period, and we then moved onto the closing process and assets covered in the sale. We will now move onto the details of

The first two posts in this series covered the basics of a hotel PSA and then moved onto the price and Due Diligence (DD...
10/23/2020

The first two posts in this series covered the basics of a hotel PSA and then moved onto the price and Due Diligence (DD) period. Now we move onto the specifics of when the transaction is expected to close and what is covered in the transaction.

Part 3: When Is It Mine and What Am I Buying? The first two posts in this series covered the basics of a hotel PSA and then moved onto the price and Due Diligence (DD) period. Now we move onto the specifics of when the transaction is expected to close and what is covered in the

In the first part of this series, we discussed the basics of a hotel PSA. Now it’s time to get into the details. As refe...
10/09/2020

In the first part of this series, we discussed the basics of a hotel PSA. Now it’s time to get into the details. As referenced in the previous post, the LOI is the best place to start when looking at the contract terms but it’s only a guideline for the major points.

Part 2: Let the Negotiations Begin In the first part of this series, we discussed the basics of a hotel PSA. Now it’s time to get into the details. As referenced in the previous post, the LOI is the best place to start when looking at the contract terms but it’s only a guideline for the

The hospitality industry continues to experience the extreme challenges presented by the ongoing global pandemic. Even a...
09/25/2020

The hospitality industry continues to experience the extreme challenges presented by the ongoing global pandemic. Even as we adjust to life in the COVID era and the decrease in asset values throughout the hospitality industry, many owners are considering a sale of their hotels and many investors are eyeing an opportunity to purchase hotels at a significant discount from pre-pandemic values. In this five-part series of posts, we will review the Purchase and Sale Agreement (PSA), the legally binding contract for a hotel transaction.

Part 1: Hotel PSA 101 The hospitality industry continues to experience the extreme challenges presented by the ongoing global pandemic. Even as we adjust to life in the COVID era and the decrease in asset values throughout the hospitality industry, many owners are considering a sale of their hotels....

Asset value continues to be a priority for owners as the COVID-19 pandemic persists. One of the areas where owners can r...
08/28/2020

Asset value continues to be a priority for owners as the COVID-19 pandemic persists. One of the areas where owners can realize long-term value is through the implementation of technology solutions. At one time hotels were leaders in the implementation of technology, e.g., indoor air conditioning was a mainstay in hotels long before it was in personal homes. But as the franchise model took hold and the brands ceded asset control to external owners, the cost for technology was shifted and many times hotel owners had other priorities with their hotels than continuously introducing new technology.

Asset value continues to be a priority for owners as the COVID-19 pandemic persists. One of the areas where owners can realize long-term value is through the implementation of technology solutions. At one time hotels were leaders in the implementation of technology, e.g., indoor air conditioning was...

So much has changed with hotel operations since the COVID-19 pandemic began that it’s difficult to know where to begin w...
07/31/2020

So much has changed with hotel operations since the COVID-19 pandemic began that it’s difficult to know where to begin when thinking about the impact on Food & Beverage (F&B) operations at your hotel. But for many hotels F&B was an important driver of revenue be it from restaurant operations, bar service, nightclub operations, catering and events business, or complimentary breakfast common at limited service hotels.

So much has changed with hotel operations since the COVID-19 pandemic began that it’s difficult to know where to begin when thinking about the impact on Food & Beverage (F&B) operations at your hotel. But for many hotels F&B was an important driver of revenue be it from restaurant operations, bar ...

Maintaining asset value as we continue navigating the new normal of the COVID-19 era has proven challenging. For the pas...
06/26/2020

Maintaining asset value as we continue navigating the new normal of the COVID-19 era has proven challenging. For the past decade owners have been able to rely on trailing 12-month performance as described in a . The challenge is that as we are a few months into the dramatic drop off in operations, trailing 12-month performance is not a reliable indicator of typical operations. If we try to use future 12-month performance, there is a lack of credibility to this data as we do not know how long this downturn will continue.

Maintaining asset value as we continue navigating the new normal of the COVID-19 era has proven challenging. For the past decade owners have been able to rely on trailing 12-month performance as described in a previous post. The challenge is that as we are a few months into the dramatic drop off in....

We are a few months into the COVID-19 crisis and our business operations have been adapting to the new global reality. A...
05/22/2020

We are a few months into the COVID-19 crisis and our business operations have been adapting to the new global reality. As hotels begin reopening and guest slowly return to our properties, maintaining the health and safety of guests and team members is of paramount importance. First and foremost, consistently be vigilant about checking with national, regional, and local authorities; your legal counsel; and your insurance company to ensure compliance with everchanging mandates and guidance.

We are a few months into the COVID-19 crisis and our business operations have been adapting to the new global reality. As hotels begin reopening and guest slowly return to our properties, maintaining the health and safety of guests and team members is of paramount importance. First and foremost, con...

Following the news can be a most depressing thing in the past month. The persistence of COVID-19 related illness and dea...
04/28/2020

Following the news can be a most depressing thing in the past month. The persistence of COVID-19 related illness and death, the ongoing global financial crisis, and the struggles of our medical professionals and other frontline personnel can seem overwhelming. The hospitality industry has only continued to struggle and while the government is attempting to replenish Paycheck Protection Program (PPP) funds, the program is stalled at the moment leaving too many small businesses, hotels and related businesses among them, struggling to survive.

Following the news can be a most depressing thing in the past month. The persistence of COVID-19 related illness and death, the ongoing global financial crisis, and the struggles of our medical professionals and other frontline personnel can seem overwhelming. The hospitality industry has only conti...

The reality of the current COVID-19 crisis is still hitting us like a ton of bricks. Going into March our industry was r...
03/27/2020

The reality of the current COVID-19 crisis is still hitting us like a ton of bricks. Going into March our industry was riding high and suddenly, the entire world came to a screeching halt. Although the federal government is racing towards a bailout, we still do not know if it will be enough to help all of the hotels in the country, especially the large number of those that already took the painful decision to cease operations. After careful deliberation, you need to decide if continuing to operate is the right decision while balancing many variables. These include adhering to stringent health & safety guidelines, ever changing financial realities, and the desire to maintain strong operations once we come through this situation.

The reality of the current COVID-19 crisis is still hitting us like a ton of bricks. Going into March our industry was riding high and suddenly, the entire world came to a screeching halt. Although the federal government is racing towards a bailout, we still do not know if it will be enough to help

One of the changes hoteliers have adapted to in the past decade is the rise of the dual-branded property. While these ar...
02/28/2020

One of the changes hoteliers have adapted to in the past decade is the rise of the dual-branded property. While these are commonly housed within one building, a complimentary opportunity that has more longevity is the hotel campus. This is when multiple hotels – usually two but sometimes more – occupy the same parking lot and may even have shared amenities.

One of the changes hoteliers have adapted to in the past decade is the rise of the dual-branded property. While these are commonly housed within one building, a complimentary opportunity that has more longevity is the hotel campus. This is when multiple hotels – usually two but sometimes more – ...

Marketing extras, from breakfast to free parking, as well as easy access to public transportation, help drive occupancy ...
02/25/2020

Marketing extras, from breakfast to free parking, as well as easy access to public transportation, help drive occupancy at hotels outside of major city centers.

Marketing extras, from breakfast to free parking, as well as easy access to public transportation help drive occupancy at hotels outside of major city centers.

Address

San Diego, CA

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm
Saturday 9am - 5pm
Sunday 9am - 5pm

Telephone

(858) 215-4410

Website

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