Sutter deal transfers East Bay hospital
05/15/2013 12:00 AM
05/15/2013 8:02 AM
Alameda Health System of Oakland says it has signed a letter of intent with Sacramento's Sutter Health to take over Sutter's San Leandro Hospital.
San Leandro Hospital is a 93-bed facility, part of the Sutter Health Eden Medical Center campus in San Leandro.
AHS said the proposed transfer depends on both parties developing a definitive agreement by July 1. That agreement would then be submitted to the AHS board for approval. AHS officials hope to conclude the transaction this fall.
AHS said the letter of intent stipulates that Sutter Health will establish and fund a community trust that can be used by AHS to support the operations of San Leandro Hospital. Capital hotels register 70% room occupancy
Sacramento-area hotels cracked the key 70 percent occupancy threshold in March.
The latest report by the San Francisco office of hotel industry tracker/consultant PKF Consulting USA said the average occupancy rate among area hotels was 70.2 percent in March, down a bit from 72 percent in March last year.
Through the first three months of this year, area occupancy averaged 65 percent.
In the lodging industry, 70 percent occupancy is generally considered the point at which hotels can raise room rates and generate more revenue.
The average daily room rate in the Sacramento area in March was $98.15, up from $95.43 in March 2012. Revenue per room in March was $68.90, up slightly from $68.72 a year ago.
The Northern California hotel industry was led by San Francisco, with a March occupancy rate of 80.8 percent and a revenue-per-room average of $164.77.
Call The Bee's Mark Glover, (916) 321-1184.
Editor's Choice Videos
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.