Latest news with #Coronado
Yahoo
14 hours ago
- Automotive
- Yahoo
NASCAR, Navy and San Diego: Why Southern Cal street race seems perfect
Everybody happy now? Well, maybe not. Universal acceptance went behind the wall years ago. But I think we can agree that many of you are, at least, less unhappy. Naval Base Coronado, connected by sandbar to downtown San Diego, now joins the ranks of modern NASCAR race hosts, alphabetically slotted between Nashville and New Hampshire. And I'm betting you can live with that. A NASCAR street race in San Diego area has plenty of pros NASCAR seems likely to continue this infatuation with road courses, including a street course on the yearly menu — while also insisting on a Southern Cal race date, by the way. So adding a famous U.S. naval air station to the schedule sounds like a welcome consolation to those who grew up with NASCAR on ovals and prefer to die that way. Oh, and this: It's very, very, very unlikely it'll rain. Say what you want about the Golden State, but they haven't found a way to screw up the weather. Sunny and 72 has been the mid-June norm since Spaniards first planted a flag 500 years ago. After three years of angry weathermen in Chicago, that's quite welcomed. Since they weren't going to add (for now, anyway) another one of the beloved old ovals many crave (Rockingham, Nashville Fairgrounds), this seems like the perfect fit, especially for a sport never shy about its respect for flag and country. We all saw San Diego coming, but I don't recall hearing talk about Coronado's naval base. It's not just the U.S. Navy tie-in and backdrops to rival F1's Monte Carlo festival, but logistically it should be monumentally easier than retrofitting downtown Chicago into a workable racetrack. Easier, in fact, than any of the other major cities that jumped on and off the rumor mill in recent months. Unless they manage to incorporate an aircraft carrier deck as a short chute between, say, Turns 9 and 10, they couldn't have landed on a better alternative. And it's not a bad business deal for the Navy, by the way. The military branches are always exploring unique promotional strategies for recruitment, and this will likely become a high-visibility opportunity. Anchors aweigh! Now, let's reach into the bag of residuals for a downer. What happened to NASCAR races at Fontana? Didn't NASCAR already have a Southern California presence — before this, and even before that three-year fling with the L.A. Coliseum? Yes, it was called Auto Club Speedway, over yonder in Fontana, which the snobs like to call Fontucky because it has the gall to sit some 60 miles inland and depend heavily on manufacturing and logistics. The Fontana track had been slowly bleeding cachet (and fans!) over recent years, and if some of those 1½-mile tracks had to go, Auto Club was the first on many folks' lists. But it was ticketed for renovation, not desertion. After a certain amount of demo, Auto Club would re-emerge as a half-mile showplace, albeit surrounded by the Inland Empire's most common modern crop — warehouses. Low overhead, big rent checks. But still, Auto Club would be NASCAR's California residence for as far as the eyes can see. Inflated construction costs and diverted priorities are two of the reasons listed for the officially licensed status of Fontana's NASCAR future: 'Holding pattern.' A common banking term (conveniently) — permanent hold — might come into play for Fontana if this Coronado venture turns out to be a keeper for all involved. And from this view, 11 months out, it's not lacking potential. — Email Ken Willis at This article originally appeared on The Daytona Beach News-Journal: NASCAR is recruited to San Diego's naval air base for 2026 street race
Yahoo
14 hours ago
- Automotive
- Yahoo
NASCAR announces race on U.S. Naval base in Coronado scheduled for 2026
NASCAR is returning to Southern California, only its cars will be racing on the streets of Coronado and not on an oval in Fontana. The stock car racing circuit announced Wednesday it will be hosting a three-day series of races June 19-21, ending in a NASCAR Cup Series race on the U.S. Naval base in Coronado. NASCAR did not race in Southern California last year for the first time since 1997, with the exception of 2021, when the schedule was hampered by the coronavirus pandemic. For much of that time, the races were held at Auto Club Speedway in Fontana but that track was torn down in 2023 to make room for a giant warehouse complex. NASCAR preserved part of the grandstand and had hoped to built a half-mile oval track on the site but that project has stalled and is unlikely to be revived. NASCAR also raced on a temporary quarter-mile oval on the floor of the Coliseum but that event has also been abandoned. Next summer's Coronado race, which came to fruition after years of careful negotiation, is the first NASCAR event to be run on an active military base, It is being timed to commemorate the 250th anniversary of the U.S. Navy and will feature a race weekend including an Xfinity Series race and a Craftsman Truck Series event. Read more: NASCAR figuring out if building new track in Fontana is the 'right thing to do' NASCAR ran street course races in Chicago's Grant Park from 2023-25 but that event will not return in 2026, making the Coronado race the only street race on the schedule next year. 'NASCAR embodies the very best of the American spirit through speed, precision and an unyielding pursuit of excellence,' Secretary of the Navy John C. Phelan said in a statement. 'Hosting a race aboard Naval Air Station North Island, the birthplace of naval aviation, it's not just a historic first, it's a powerful tribute to the values we share: grit, teamwork and love of country. 'We're proud to open our gates to the American people, honor those who wear the uniform, and inspire the next generation to step forward and serve something greater than themselves.' Naval Base Coronado, known as the West Coast Quarterdeck, is a consortium of nine Navy installations stretching from San Clemente Island, 50 miles off the coast of Long Beach, to the Mountain Warfare Training Facility 50 miles east of San Diego. 'Hosting one of America's premier motorsports events on this historic base reflects our partnership with the local community and our shared pride in the nation's heritage,' said captain Loren Jacobi, commanding officer of Naval Base Coronado. 'We are privileged to showcase the dedication of our sailors alongside NASCAR's finest as we celebrate our 250th anniversary.' Read more: NASCAR goes to the dogs: Why many drivers bring their dogs to every race The NASCAR San Diego logo features an F/A-18E/F Super Hornet, which is recognized as only being flown by the U.S. Navy. The three stars in the logo signify land, sea, and air, which represents the Navy as the only branch of the military to operate in all three spaces. The arch represents the mission-style architecture found in San Diego. The stripes at the bottom of the logo represent the four largest United States Armed Force branches: Air Force, U.S. Army, U.S. Marine Corps, and U.S. Navy. Tickets for the 2026 NASCAR San Diego Weekend will go on-sale this fall. Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.
Yahoo
3 days ago
- Automotive
- Yahoo
Report: NASCAR to Race in San Diego in 2026, Location Revealed for Street Race
The NASCAR schedule for the 2026 season is still being finalized, but the Chicago Street Race will not return next year. With an opening on the schedule and a desire to add another street course race, NASCAR is heading to San Diego next season, with a specific location already selected. Kelly Crandall of will race on the Coronado Naval Base in San Diego, California, in the summer of 2026. The official race plans are expected to be announced this week, marking NASCAR's return to Southern California. Read More: The Athletic's Jordan Bianchi reported in June that NASCAR was working to finalize a deal for a street course race in the San Diego area next season. It would mark the return to Southern California after a multi-year absence, but league officials still needed to finalize details with the city. Now, according to Crandall, NASCAR is poised to make the announcement official on Wednesday. The expectation is that the race will take the place of the Chicago Street Race in the summer, which has occurred on the Fourth of July weekend in the last three years. Naval Base Coronado is based in Coronado, California, and is located right alongside the Pacific Ocean and San Diego Bay. It serves as one of the major naval bases in the United States, including use for Navy SEAL training. A street course race at the Naval Coronado Base will require significant investment from the city. The first-ever Chicago Street Race cost the city at least $3.5 million, but costs dipped in the following years. NASCAR also paid the city approximately $2.5 million to help host the race in 2025 and the Chicago Street Race had a $128 million total economic impact in 2024. While Chicago will not be involved with NASCAR racing in 2026, Bianchi said on Sunday night's episode of The Teardown that racing could return to the streets of Chicago as early as 2027. Related Headlines Why Baltimore Orioles' Adley Rutschman May Face an Uncertain Future with Team Report: 2 'Strong Candidates' Revealed to Become Atlanta Braves Manager in 2026 Report: Texas Rangers Could Trade Coveted All-Star Player By Next Week New York Yankees, Chicago Cubs, Detroit Tigers Interested in Trade for Gold Glover
AU Financial Review
07-07-2025
- Business
- AU Financial Review
Credit downgrade hits coal miner's plan to raise $1b
Coronado Global Resources will struggle to raise the nearly $1 billion it needs after it was downgraded by one of the world's largest credit agencies, becoming the latest Australian coal miner to be hit by the deepening price slump for the fossil fuel that has already tipped one miner into administration and forced another into a trading halt. Global credit ratings agency S&P downgraded Coronado, which operates coal mines in Queensland's Bowen Basin and Virginia in the US, making the miner's bid to raise nearly $1 billion in funding over the next two years even harder by narrowing its access to affordable debt.
Skift
24-06-2025
- Business
- Skift
Blackstone's $550 Million Renovation of Hotel del Coronado in California
In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel. The DJIA rose 35 points on Friday while Nasdaq was down 99, the S&P 500 fell 13 points and the 10-year treasury yield was down .02 to 4.38%. Lodging stocks were mixed. According to data from CoStar, in May 2025, the U.S. hotel industry experienced minor changes in performance metrics year over year. The occupancy rate across the country declined slightly to 65.3%, a decrease of 0.7% from May 2024. Despite the slight drop in occupancy, the ADR for hotels increased to $162.72, marking a 0.8% rise. RevPAR also saw a minimal increase of 0.1%, reaching $106.30. Among the Top 25 Markets, New York City reported the highest occupancy level, although it decreased by 1.0% to 87.9%. On the other end, New Orleans and Houston recorded the lowest occupancy rates at 60.1% and 61.4%, respectively. As the brand's first resort in Mexico, Waldorf Astoria Los Cabos Pedregal will continue to redefine luxury in 2025 and beyond with the culmination of a multi-year property-wide transformation. The final phase of renovations will begin this summer, with the property fully closing from July 15 - September 30, to transform all 112 guestrooms, suites, casitas and villas. In addition to the complete redesign and transformation of all rooms, the property will also debut a rotation of culinary activations at its enhanced Beach Club to further build upon its roster of gastronomic and authentic Mexican offerings. Part of the Curio Collection by Hilton, The Ava Hotel in Paso Robles, California, is nearing completion ahead of a summer opening. The 151-room hotel is accepting reservations for stays beginning September 22. The property will have a ground-level retail storefront and a signature dinner and weekend brunch restaurant. The hotel will also introduce Paso's first rooftop bar and pool. The Ava will have more than 3,000 square feet of event space, including the Tablas Ballroom and a pre-function area as well as the Rooftop Terrace. Construction began this spring on the development of a new Home2 Suites by Hilton hotel in the City of Greendale, Indiana. The $16.8 million, 88-room hotel is slated to open by December 31, 2026, and marks the second Hilton hotel in Dearborn County. The newly developed Courtyard by Marriott San Bernardino Loma Linda is now open in Loma Linda, California. The new hotel will be operated by Sagemont Hotels. The four-story hotel includes 125 guestrooms, a fitness center, guest laundry, Market, 594 square feet of meeting space and the Bistro restaurant. Newcrest Image's plans for the AC Hotel by Marriott at Silverlake gained approval by the Grapevine City Council and Planning & Zoning Commission. The Grapevine, Texas, hotel is slated to open in 2029. The five-story AC Hotel by Marriott will offer 200 guestrooms, an outdoor space, outdoor pool, gym, six meeting rooms and a full-service restaurant. The hotel will have 7,000 square feet of event space. In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel. The completion of the Victorian Neighborhood encompassed a total restoration of its front porch and lobby, main entry, and drive experience, as well as updates and enhancements to all Victorian guestrooms, the Victorian garden courtyard, event spaces and the addition of two new dining destinations: Nobu Del Coronado and Veranda. Beyond the completion of the Victorian Neighborhood, Blackstone's comprehensive development has also transformed the entire resort including the launch of Serea Coastal Cuisine; the addition of Shore House, part of LXR Hotels & Resorts; Southpoint event center; the debut of the Ocean Club in the historic Windsor Cottage, and a full renovation of Beach Village, LXR Hotels & Resorts. The restoration also introduced revitalized guestrooms in The Cabanas and Views neighborhoods, along with upgrades to other dining venues; a re-imagined Spa & Salon at The Del and expanded Fitness Center; development of the historic Ice House Museum, as well as new meeting spaces and retail experiences at The Shops at The Del. The completion of the Four Seasons Hotel and Residences Jacksonville has been extended by six months to December 2026. The project will include a 170-room hotel and 26 private residences. Jacksonville Jaguars owner Shahid Rafiq "Shad" Khan is developing the property. Coury Hospitality has been tapped to take over management of the Hard Rock Hotel San Diego, effective July 1, 2025. Located in the heart of the Gaslamp Quarter, the Hard Rock Hotel boasts 420 guestrooms, 40,000 square feet of meeting and event spaces, a rooftop pool with private cabanas, and several inventive culinary outlets. Alongside the addition of Hard Rock Hotel San Diego, Coury Hospitality is also expanding its portfolio with two new hotel additions and the rebranding of three existing hotels, include: AC Hotel Bentonville, Arkansas, opened in May with 150 guestrooms. The Seahouse Hotel, Tribute Portfolio is set to open this summer as the first Tribute Portfolio lifestyle hotel in Atlantic City, NJ. Featuring 105 guestrooms, it is also Coury Hospitality's first property in New Jersey. Existing property rebrands and renovations in Texas this fall include The Southlake Hotel (Southlake): The Elmore Hotel | Tribute Portfolio. The Beeman Hotel(Dallas): The Mockingbird Hotel | Tribute Portfolio. Marriott Westlake(Westlake): The Ricardo Marriott | $18 million Renovation. Silverstein Properties, Rush Street Gaming, and Greenwood Gaming and Entertainment announced Hyatt's Destination by Hyatt as the hospitality brand for The Avenir, a mixed-use entertainment complex proposed for Manhattan's Far West Side. The Avenir's luxury hotel will include 1,000 rooms and suites, which will be managed by and branded as The Avenir under The Destination by Hyatt brand. This is all assuming they can get one of the three casino licenses that are expected to be granted by the end of this year. Procaccianti Companies has obtained all required approvals to develop and construct The Bellevue Hotel, a 91-key luxury boutique property in the heart of Newport, Rhode Island, with an anticipated groundbreaking in Q4 2025. The hotel will be developed and owned by Procaccianti Companies and operated by TPG Hotels & Resorts within the INTERA Collection. The development includes multiple food and beverage venues, spa and wellness facilities, and a range of upscale guest amenities. The plan includes the addition of underground parking to expand the street-level pedestrian experience. Silverado Resort, in Napa, California, is undergoing a significant revitalization effort. Since acquiring Silverado Resort in 2022, Peregrine Hospitality has committed to preserving the resort's rich history. Over the past two years, the company has invested more than $14 million in improvements. The most recent revitalization is to the resort's guestrooms and suites. DoveHill announced its preferred equity investment in the redevelopment of a historic hospitality asset in the heart of Savannah, Georgia's Historic District. The project will deliver The Sabal House, a 64-key independent luxury boutique hotel. The investment supports the transformation of the former President's Quarters Inn, currently a 16-key property, into a fully redeveloped and expanded 64-key hotel. A new 42-key wing will be constructed alongside 22 renovated keys in the original structure. The hotel will feature Oak Steakhouse by Indigo Road Hospitality Group. Hotel Carmichael at Carmel City Center is planning to expand. The luxury hotel, which opened in 2020 through a public-private partnership between the City of Carmel, Indiana, and Pedcor Companies, will grow into the northern half of the adjacent Wren building. The Carmel Redevelopment Commission approved an amended franchise agreement with Marriott, which operates the hotel as part of its Autograph Collection. The expansion will include 60 new guestrooms; a 2,052 square foot ballroom; a new boardroom with a pre-meeting staging area; the expansion of The Adagio Lounge; and the expansion of the kitchen. The ballroom and boardroom will be on the first floor of the building, and the added guestrooms will be on the three stories above it. The expansion is scheduled to start in the fall and be complete by the end of 2026. Cincinnati's new headquarters hotel will not be completed until June 2028, more than two years after the re-imagined convention center, but the Cincinnati Center City Development Corp. and the hotel developer and owner, Portman Holdings, have a stopgap plan: Buy an existing downtown hotel. The name of the existing hotel being purchased has not yet been disclosed, but Portman expects to close sometime this month. The convention center itself is expected to open in January 2026. Also, as a result of the purchase of the existing hotel, the new hotel will have 100 fewer rooms, 700 instead of 800. In Florida, Minto Communities USA, The St. Joe Company, and Margaritaville Holdings announced that even more amenities are now open at Latitude Margaritaville Watersound's Latitude Town Square. The new offerings include a Workin' N' Playin Center complex with the Last Mango Theater; The Hangar Workshop; the Barkaritaville Pet Spa; and additional new sports courts, including three more pickleball courts, two tennis courts and three bocce ball courts. The first Latitude Town Square amenities include a terraced amphitheater, thatched roof bandshell, a jumbo screen and a recessed dance floor. A two-story Latitude Bar & Chill restaurant and rooftop Overlook Bar. A massive lagoon-style Paradise Pool has a beach-like gradual entry and its own Tiki Island. Existing property amenities include Fins Up! Fitness Center; the Coconut Telegraph Business Center and the Barkaritaville Dog Park. The Garden District Hotel announced the opening of New Orleans' first and only swim-up bar at its new pool. The pool has cabanas, space for lawn games and poolside events, and a swim-up bar. Blackstone is refinancing its Grand Wailea, a Waldorf Astoria Resort, with a $1 billion CMBS loan, according to a pre-sale report from Morningstar and Moody's. The new mortgage loan will retire $800 million of existing debt, returning $181.6 million of equity to the sponsor and covering closing costs. It is a two-year floating-rate, interest-only mortgage loan with three, one-year extension options. The floating rate will be based on one-month SOFR plus the WA Mortgage Loan spread of 2.5%. Blackstone will enter into an interest-rate cap agreement with the assumed SOFR cap of 5% during the initial term. Voyage Capital Group announced the closing of an acquisition and construction completion loan for the AC Hotel by Marriott located at Denver Gateway Park in Denver, Colorado. The financing was originated by Peachtree Group and includes a strategic capital stack that combines Senior Debt with CPACE financing to support the development and completion of the hotel. The project will feature a seven-story, 146-key AC Hotel. Construction is actively underway, with the property expected to open in late 2026. Davidson Hospitality Group notified us and sent a press release saying the Margaritaville Hotel Kansas City, developed by Sunflower Development Group in collaboration with Homefield KC and Margaritaville, officially opened its doors on June 18th. We had covered a preview event, saying reservations would be taken beginning July 1. The 228-room hotel is now fully open. Personnel News Virgin Hotels Collection and Virgin Limited Edition announced the appointment of Chris Stevens as Chief Operating Officer and Rayhan Arif as Chief Commercial & Financial Officer. Stevens brings a wealth of operational expertise, asset value creation, and nearly 25 years of hospitality leadership to his new role as Chief Operating Officer at Virgin Hotels Collection. Most recently, Stevens served as Senior Vice President of Ashford Inc. Joining as Chief Commercial & Financial Officer, Arif steps into the position with a deep well of strategic, financial, and brand-building expertise cultivated over nearly eight years within the Virgin Group. Louis Riley has been appointed Regional Vice President - Sales with MCR Hotels. Riley will work with a defined number of properties within the MCR portfolio to assist, support and direct the sales & operational efforts. He will also play an intricate part in the development side for overall successes, representing Corporate, Owner's, Sales, Operations, Revenue Management and F&B at respective properties. Europe Highlights Savills, on behalf of RE Capital, has sold the Ruby Stella Hotel in London to LaSalle Investment Management for £48 million. The Ruby Stella Hotel offers 153 en-suite bedrooms and ground-floor shared space, including a restaurant, bar and courtyard terrace.
