Certares Real Estate and HRI Hospitality Acquire Two Hilton Hotels in California and Texas
Main Photo: The Hilton San Antonio Hill Country
Date: May 2022
Names: DoubleTree Suites by Hilton Hotel Doheny Beach and the Hilton San Antonio Hill Country
Locations: Dana Point, California and San Antonio, Texas
Number of Keys: 196 and 226
Seller: The Hilton San Antonio was bought by Goldman Sachs in 2016. The DT by Hilton was sold in 2014 by FelCor
Buyer: Certares Real Estate Management LLC and HRI Hospitality, LLC
Affiliates of Certares Real Estate Management LLC and HRI Hospitality, LLC will add two properties to their portfolio: the DoubleTree Suites by Hilton Hotel Doheny Beach in Dana Point, California, and the Hilton San Antonio Hill Country in San Antonio, Texas.
Located in the city of Dana Point, California, the DoubleTree Suites by Hilton Hotel Doheny Beach is steps from beautiful beaches and Doheny Beach State Park for a relaxing coastal getaway. The 196-room property offers luxurious all-suite accommodations, an outdoor pool, a 24-hour fitness center, 13,643 square feet of indoor/outdoor event space and two dining options, including Longboard Rooftop Lounge, offering panoramic views of the Pacific Ocean. Guests can also enjoy boating and fishing at Dana Point Harbor and top-rated golf at Monarch Bay Golf Course, only minutes from the property.
Nestled among the rolling hills of San Antonio, the 226-room Hilton San Antonio Hill Country features 55 guestroom suites, three heated outdoor pools and a 24-hour fitness center. The three dining options include the Spur Texas Kitchen & Bar, a grab-and-go café and a seasonal pool bar that also hosts weekend cookouts. The property boasts 13 event rooms totaling over 12,640 square feet, allowing hosts to create memorable weddings, events or meetings. Ideal for both leisure and business travellers, the resort-style property is located near Hill Country Golf Club, SeaWorld and numerous shops, restaurants and entertainment options.
Both hotels will undergo comprehensive renovations to their public spaces and guest rooms, with the Dana Point being rebranded within the Hilton brand family, upon completion of the renovation in Summer 2023.
“We’re excited to embark on a new partnership with HRIH,” said Nolan Hecht, Senior Managing Director at Certares. “Together, Certares and HRIH have the full range of hospitality investment, technical services, project management and operations experience to revitalize these hotels in strong and growing transient demand markets.”
Cetares, founded in 2012, has $7.8bn AUM, with offices both in New York and Luxembourg and Milan in Europe. Their mixed portfolio include hotels such as AC Santa Rosa Sonoma, EAST Miami, Le Meridien Tampa and others.
“We’re thrilled to announce the addition of these two excellent Hilton properties to our growing portfolio and presence in California and Texas,” added Michael Coolidge, Chief Investment and Development Officer at HRI Hospitality. “We look forward to strategically repositioning and refreshing the Hilton San Antonio as well as rebranding the Dana Point property so that they both can remain market leaders in their respective cities while providing a best-in-class experience to our guests.”
HRI own and manage some 20 hotels in the US, including The Industrialist Pittsburgh, Hyatts in New Orleans, Tampa, Indianapolis and several under various Hilton brands.
Price: Undisclosed
THPT Comment: A great pairing of these two companies to acquire two more Hilton hotels…onwards and upwards.
First Seen: Hotel News Resource
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