Arbor Lodging Partners has acquired Hilton Garden Inn Oakland/San Leandro in San Leandro, California, US for an undisclosed amount.
The acquisition of the 119-room select-service hotel marks Arbor’s entry into the San Francisco Bay Area.
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Located in the East Bay area, the Hilton Garden Inn Oakland/San Leandro houses guest rooms, an indoor pool, whirlpool and fitness center.
Spread over an area of around 1,300ft2, the hotel’s meeting space can accommodate up to 100 people.
The Garden Grille & Bar restaurant at the hotel will serve breakfast, lunch, and dinner.
Arbor Lodging Partners CEO Vamsi Bonthala said: “The booming technology industry, world-class universities, and cultural institutions of the Bay Area combine to make it attractive for hotel investment.
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By GlobalData“This location aligns perfectly with our goal to invest in high-quality, well-located properties that will offer long-term economic rewards.”
Arbor plans to invest more than $4m in upgrades to the hotel.
Arbor’s management affiliate NVN Hotels will take the responsibility to manage the hotel, effective immediately.
NVN Hotels CEO Sheenal Patel said: “We’re pleased to strengthen our relationship with the Hilton Hotels & Resorts family of brands with this acquisition.
“Hilton’s global brand recognition, commitment to excellent service, and innovative hospitality practices make their hotels a great fit for our investment strategy.”
Arbor Lodging Partners focuses on acquiring underperforming hotels that can be enhanced through renovations and the implementation of operational efficiencies to provide attractive returns.
Image: Arbor Lodging Partners acquires a 119-room select-service hotel, Hilton Garden Inn Oakland/San Leandro. Photo: courtesy of PRNewsFoto/Arbor Lodging Partners.
