YouTube video link: https://www.youtube.com/watch?v=eFVz-56KDuA
OscarsMovieNews.com Presents:Oakland Waterfront Hotel Is Closing Friday 124 Jobs Lost After 1.8 Mil PPP Loan 14% Occupancy Rate
. A vlog by the YouTube channel named in the video’s upper left corner and serves as the original blog post for this content.The Waterfront Hotel Is Closing Friday Here’s Port Of Oakland’s Statement To Zennie62Media, Inc. The Hyatt Hotel Chain will cease management of The Waterfront Hotel in Oakland this Friday, February 8th, 2025, and after 35 years in operation. It was the crown jewel hotel in Jack London Square. The loss will result in the termination of 124 jobs.The Port of Oakland Director of Communications Robert Bernardo wrote “Basically, on January 31, The Waterfront Hotel owner Jack London Square Associates, LLC notified the Port of Oakland that it was abandoning its long-term ground lease with the Port that same day, which immediately terminated the lease. JLSA’s notice did not provide a reason for its departure.”In 2021, the Jack London Square Associates received a PPP Loan of $1,883,530 from Republic Bank, but that alone did not stop the drop in occupancy rates. The last reported occupancy rate was just over 14 percent. That explains why the owner stopped paying rent: it wasn’t making money. By contrast, in 2016, the year of its renovation, the Waterfront Hotel had a 70 percent occupancy rate.
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Note from Zennie62Media and OscarsMovieNews.com : this video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018.
This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When the video is “liked” by Zennie62 YouTube, then it is automatically uploaded to and formatted automatically at the OscarsMovieNews.com site and Zennie62-created and owned social media pages.
The overall objective here, on top of our is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours – is the use of the existing YouTube social graph on any subject in the World.
Now, news is reported with a smartphone and also by promoting current content on YouTube: no heavy and expensive cameras or even a laptop are necessary, or having a camera crew to shoot what is already on YouTube. The secondary objective is faster, and very inexpensive media content news production and distribution.
We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.