Davidson Expands CA Portfolio
- Nov 20, 2017
Davidson Hotels & Resorts has expanded its management portfolio with the addition of the Hyatt Regency Monterey Hotel & Spa. The asset is owned by an affiliate of Fairwood Capital LLC.
“This will be our 11th full-service Hyatt hotel and we have tremendous confidence in the brand, its positioning and its strong offerings. Hyatt has been an important part of the Monterey community and together with Fairwood we will create an exciting new future for the property,” said John Belden, president & CEO of Davidson, in prepared remarks.
Located at 1 Old Golf Course Road in Monterey, Calif., in the heart of the prominent California Highway 1 corridor, the 550-key hotel spreads across a 22-acre site nestled along the historic 18-hole Del Monte Golf Course.
- 40,000 square feet of indoor/outdoor meeting spaces
- full-service racquet club and tennis courts
- a 24-four fitness center
- a 12,000-square-foot spa
- sports bar
- fireplace lounge
“We are excited to embark on our third project with Davidson, leveraging their unrivaled experience with Hyatt,” said Todd Solmson, managing director of Fairwood Capital, in prepared remarks. “Davidson has been a tremendous operating partner of ours for many years and together we will implement a comprehensive plan to elevate the asset and guest experience.”
Photo via Google Street View