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Investor Group Acquires Napa Valley’s Calistoga Ranch

Investor Group Acquires Napa Valley’s Calistoga Ranch

MILL VALLEY, Calif.—Auberge Resorts, a developer and operator of boutique luxury resorts and private clubs, announced the acquisition of the 50-room Calistoga Ranch, the award-winning Napa Valley luxury resort from Olympus Real Estate. Auberge was joined in the acquisition by ...

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IHG Brings Hotel Indigo Brand to Downtown Anaheim

IHG Brings Hotel Indigo Brand to Downtown Anaheim

ATLANTA—InterContinental Hotels Group (IHG) announced the conversion of a former Holiday Inn Express to the Hotel Indigo Anaheim, the brand’s fourth property in California. The four-story, 104-room retro-style hotel has been renovated with an investment of around $5 million by ...

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Hotel Market Insight: Santa Monica

Hotel Market Insight: Santa Monica

Santa Monica, Calif., has gone from beach town to boom town over the past two decades. From the advent of Silicon Beach to the tourist mainstay of the Santa Monica Pier, the city has emerged as a hot spot for ...

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Chesapeake Lodging Trust Acquires Hyatt Santa Barbara

Chesapeake Lodging Trust Acquires Hyatt Santa Barbara

ANNAPOLIS, Md.—Chesapeake Lodging Trust and Hyatt Hotels Corporation announced that Chesapeake has acquired the fee simple interest in the Hyatt Santa Barbara and two adjoining properties totaling 200 rooms from a Hyatt affiliate for $61.0 million, or approximately $305,000 per ...

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Hyatt Regency Newport Beach Hotel Completes Renovation

Hyatt Regency Newport Beach Hotel Completes Renovation

NEWPORT BEACH, Calif.—The Hyatt Regency Newport Beach announced the completion of its comprehensive $15 million renovation, which began in November 2012. The hotel received a complete upgrade that encompassed all aspects of the property. “With this complete renovation, the Hyatt ...

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R.D. Olson Breaks Ground on $50 Million Courtyard at Irvine Spectrum

IRVINE, Calif.—R.D. Olson Development broke ground on its latest hotel development, the 210-room Courtyard by Marriott Irvine Spectrum in Irvine, Calif. Executives from R.D. Olson Development, Irvine Company, architecture firm WATG, and Marriott International joined civic leaders from Orange County ...

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