Davidson Hotels & Resorts added the Hyatt Regency Monterey Hotel and Spa to its hospitality management portfolio. The 550-room, full-service resort in Monterey, Calif. will continue to operate under the Hyatt Regency brand. The property will be managed by Davidson Hotels & Resorts, and will be owned by an affiliate of Fairwood Capital – a real estate investment firm specializing in hospitality-related real estate.
“We are excited to embark on our third project with Davidson, leveraging their unrivaled experience with Hyatt,” Todd Solmson, managing director of Fairwood Capital, said in a statement. “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 on this beautiful property.”
Located in the center of the California Highway 1 corridor, Hyatt Regency Monterey Hotel and Spa is tucked away within a 22-acre property, located along the historic Del Monte Golf Course, the oldest continuously-operating golf course west of the Mississippi. Guests choosing to take advantage of onsite offerings can utilize more than 40,000 square feet of indoor/outdoor meetings space, visit the full-service racquet club with six championship tennis courts, tee off on the 18-hole Del Monte golf course, lift in a 24-hour Stayfit fitness center, relax in the 12,000 square-foot Marilyn Monroe spa and wine and dine in multiple food and beverage options, such as the TusCA Ristorante, Knuckles Sports Bar and Fireplace Lounge.
“The Fairwood team has proven to be exceptional investors and asset managers and we know they will be a strong addition to the Hyatt franchise community,” John Belden, president and CEO of Davidson, said in a statement. “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.”
Davidson Hotels & Resorts is a full-service hotel management company providing management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. Davidson, along with its lifestyle and luxury operating division, Pivot Hotels & Resorts, specializes in independent and branded assets in the upper-upscale to near-luxury segments including 45 hotels, more than 13,000 rooms and more than 1.5 million square feet of meeting space across the U.S.