{"id":19965,"date":"2024-07-01T14:57:48","date_gmt":"2024-07-01T14:57:48","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/certares-and-hhm-hotels-partner-to-acquire-high-quality-hotel-in-downtown-san-diego\/"},"modified":"2024-07-01T14:57:48","modified_gmt":"2024-07-01T14:57:48","slug":"certares-and-hhm-hotels-partner-to-acquire-high-quality-hotel-in-downtown-san-diego","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/certares-and-hhm-hotels-partner-to-acquire-high-quality-hotel-in-downtown-san-diego\/","title":{"rendered":"Certares and HHM Hotels Partner to Acquire High Quality Hotel in Downtown San Diego"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p>New York, NY, July  01, 2024  (GLOBE NEWSWIRE) &#8212; Certares, investor and expert in the travel and hospitality industry, has acquired the Cart\u00e9 Hotel San Diego Downtown, Curio Collection by Hilton. The lifestyle hotel, under Hilton\u2019s soft brand, Curio, is nestled in the heart of San Diego\u2019s bustling Little Italy neighborhood. Originally opening in late 2019, the Cart\u00e9 Hotel features 246 oversized guestrooms with comprehensive guest amenities, including an expansive rooftop bar\/lounge, an outdoor pool deck, a lobby restaurant, and a 25,000 square foot athletic club.<\/p>\n<p>\u201cWe are excited to add one of the top lodging assets in the Downtown San Diego market to our growing portfolio. This transaction is consistent with our strategy to acquire high quality experiential real estate in growing major markets,\u201d said Nolan Hecht, Senior Managing Director at Certares. \u201cWe see continued opportunity to build upon our San Diego cluster, which also includes the 245-room Courtyard San Diego Downtown, and look forward to our continued partnership with the HHM Hotels team.\u201d<\/p>\n<p>Certares and HHM Hotels worked directly with the seller, Cart\u00e9 Hotel Partners, on a successful transaction. Cart\u00e9 Hotel Partners will reinvest in the new ownership entity, positioning themselves for the next stage of growth at the property. <\/p>\n<p>\u201cThe Cart\u00e9 Hotel truly captures the essence of an urban destination, offering curated experiences to its guests, while serving as a launching pad to explore Little Italy and San Diego more broadly.\u00a0 We are delighted to add this to our expanding lifestyle portfolio with Certares,\u201d said HHM Hotels President &amp; CEO Naveen Kakarla. <\/p>\n<p align=\"center\">####<br \/>About Certares<br \/>Established in 2012, Certares is a global investment firm focused exclusively on the travel and hospitality industries, leveraging deep sector experience, proprietary transactions and hands-on partnership with management teams to drive growth. With approximately $9 billion of assets under management, Certares brings together a team with decades of both operational and investment experience in private equity, travel, tourism, hospitality and travel-related business and consumer services. Since launching its real estate platform in early 2021, Certares has acquired 13 hotels comprising almost 3,000 keys across the country. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qne2vYQ7F-b9F7UpRoxnpn5FiyI4xOhUL2mGOPNfLb94FtvOy3H2ANVcEBuUPbzYrvMeFT6Cq-FiYAJdvQYcVg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.certares.com\">www.certares.com<\/a>.<\/p>\n<p>About HHM Hotels<br \/>HHM Hotels is an award-winning hotel management and investment company that operates full-service and select-service hotels across the United States and Canada in virtually every major hospitality market from coast to coast. HHM Hotels is a leading manager of Marriott, Hyatt, IHG, and Hilton hotels, while also operating over 35 independent luxury and lifestyle hotels ranging from The Rittenhouse Hotel in Philadelphia to the Parrot Key in Key West to The Whitney Hotel in Boston. HHM Hotels\u2019 highly experienced and stable operating team is known for being nimble, accountable, and entrepreneurial in how they drive market-leading results for owners including publicly traded companies, private equity firms, and family office investors. Additional information can be found at hhmhotels.com.<\/p>\n<pre\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York, NY, July 01, 2024 (GLOBE NEWSWIRE) &#8212; Certares, investor and expert in the travel and hospitality industry, has acquired the Cart\u00e9 Hotel San Diego Downtown, Curio Collection by Hilton. The lifestyle hotel, under Hilton\u2019s soft brand, Curio, is nestled in the heart of San Diego\u2019s bustling Little Italy neighborhood. Originally opening in late [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19966,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/b5fc3136-e4dc-4a79-93b8-2e96c5b2f581","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-19965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/19965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=19965"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/19965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/19966"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=19965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=19965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=19965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}