NEW YORK—Certares has acquired the Carté Lodge San Diego Downtown, Curio Assortment by Hilton. The approach to life lodge, underneath Hilton’s delicate model, Curio, is in San Diego’s Little Italy neighborhood. Initially opening in late 2019, the Carté Lodge has 246 guestrooms with complete visitor facilities, together with a rooftop bar/lounge, an outside pool deck, a foyer restaurant, and a 25,000-square-foot athletic membership.
“We’re excited so as to add one of many prime lodging belongings within the Downtown San Diego market to our rising portfolio. This transaction is in step with our technique to accumulate high-quality experiential actual property in rising main markets,” stated Nolan Hecht, senior managing director at Certares. “We see continued alternative to construct upon our San Diego cluster, which additionally consists of the 245-room Courtyard San Diego Downtown, and stay up for our continued partnership with the HHM Resorts staff.”
Certares and HHM Resorts labored straight with the vendor, Carté Lodge Companions, on a profitable transaction. Carté Lodge Companions will reinvest within the new possession entity.
“The Carté Lodge really captures the essence of an city vacation spot, providing curated experiences to its visitors, whereas serving as a launching pad to discover Little Italy and San Diego extra broadly. We’re delighted so as to add this to our increasing way of life portfolio with Certares,” stated HHM Resorts President and CEO Naveen Kakarla.
