REAL ESTATE
Compiled by Michael Flagg Times staff writer
Slowdown in Resorts: Resort hotel development will slow in Southern California in the 1990s, says a recent report.
In the 1980s, several resorts were built along Orange County’s coast, and several more are planned, including an Irvine Co. resort south of Newport Beach and a Japanese hotel project in Dana Point.
There are about 13,000 hotel rooms now in Southern California in 34 resorts from the desert to the coast.
Even though new construction will slow, the Southern California market is so large that by the mid-1990s the area should have another 7,000 rooms, according to consultant Kenneth Leventhal & Co.
