Epiphany Hotel

Larry Ellison Group Buys Hotel in Downtown Palo Alto

San Jose Mercury News 09/15/15 Larry Ellison Group Buys Hotel in Downtown Palo Alto By George Avalos http://www.mercurynews.com/business/ci_28811148/larry-ellison-group-buys-hotel-downtown-palo-alto A group controlled by software tycoon Larry Ellison has paid the equivalent of nearly $1 million per room for a boutique hotel in downtown Palo Alto. PA Hotel Holdings paid $71.6 million for the 86-room Epiphany Hotel,...
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Ritz-Carlton, Montage Will Get New Owner as Blackstone Group Agrees to Pay $6 Billion for Strategic Hotels & Resorts

The Orange County Register 09/08/15 Ritz-Carlton, Montage Will Get New Owner as Blackstone Group Agrees to Pay $6 Billion for Strategic Hotels & Resorts By Jonathan Lanser http://www.ocregister.com/articles/hotels-681579-year-hotel.html The hotel buying binge continues. Two of Orange County’s landmark luxury hotels, the 393-room Ritz-Carlton Laguna Niguel and the 250-room Montage Laguna Beach, will get a new...
Hotel-del-image

Hotel del Coronado Part of Blackstone Acquisition

San Diego Source 09/08/15 Hotel del Coronado Part of Blackstone Acquisition By Thor Kamban Biberman http://www.sddt.com/News/article.cfm?SourceCode=20150908czb&_t=Hotel+del+Coronado+part+of+Blackstone+acquisition The Blackstone Group which until last year had owned a majority stake in the Hotel del Coronado, will acquire the resort along with the rest of Strategic Hotels & Resorts’ assets for about $6 billion. A New York-based Blackstone...