Certares and HHM Hotels have partnered to acquire the Carté Hotel San Diego Downtown, Curio Collection by Hilton. Certares and HHM Hotels worked directly with the seller, Carté Hotel Partners, on the transaction. Carté Hotel Partners will reinvest in the new ownership entity. Other terms of the transaction were not disclosed.
The lifestyle hotel, which is under Hilton’s Curio soft brand, is located in San Diego’s Little Italy neighborhood.
Originally opening in late 2019, the Carté Hotel has 246 guestrooms with comprehensive amenities, including a rooftop bar/lounge, an outdoor pool deck, a lobby restaurant and a 25,000-square-foot athletic club.
“We 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,” Nolan Hecht, senior managing director at Certares, said in a statement. “We 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.”
“The Carté 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," said HHM Hotels President and CEO Naveen Kakarla. "We are delighted to add this to our expanding lifestyle portfolio with Certares.”