491 Key Hyatt Regency Lost Pines Hotel in Texas Sold

491 Key Hyatt Regency Lost Pines Hotel in Texas Sold




Ohana Real Estate Investors announced today that it has acquired the Hyatt Regency Lost Pines Resort & Spa, a 491-key resort located near Austin, TX, from an affiliate of Hyatt Hotels Corporation.

Ohana Real Estate Investors  announced today that it has acquired the Hyatt Regency Lost Pines Resort & Spa, a 491-key resort located near Austin, TX, from an affiliate of Hyatt Hotels Corporation. This strategic transaction marks Ohana’s second Texas acquisition this month, as it recently purchased the La Cantera Resort & Spa in San Antonio.

Set on 650 acres along the banks of Texas’ Colorado River between Austin and Bastrop, Texas, Hyatt Regency Lost Pines is a destination unto itself. The award-winning resort features more than 36,000 square feet of indoor meeting space and over 276,000 square feet of outdoor function space with pavilions and an amphitheater, as well as the Wolfdancer Golf Club, Spa Django, Crooked River Water Park, and the Renegade Trailhead equestrian facility. Guests can also enjoy the adjoining 1,100-acre McKinney Roughs Nature Park.

“This acquisition reflects our strong conviction in well-located resort properties and the desirable Austin market, where Ohana intends to open an office this year,” said Franco Famularo, Chief Investment Officer at Ohana. “We very much appreciate Hyatt’s confidence in Ohana to be the next owner of this amazing property, and we look forward to a successful relationship with Hyatt for years to come.”

Ohana has been one of the most active hospitality investors throughout the pandemic. Hyatt Regency Lost Pines represents the third hotel Ohana has acquired since the onset of the pandemic. Ohana has acquired more than $1.2 billion in full-service hotels in the past 18 months, and has also been active in originating and buying hotel loans during the pandemic. The firm intends to continue buying controlling stakes in full-service hotels and resorts, which have historically experienced more pronounced declines during demand shocks but have enjoyed strong rebounds following recessions. These assets are supported by favorable long-term trends including increasing globalization, aging global population and rising wealth.

Ohana Real Estate Investors is a vertically integrated investment firm focused exclusively on full-service hotels. Founded in 2009, the firm invests in debt and equity via commingled fund vehicles and separate accounts. Ohana owns a collection of properties in some of the most sought-after locations in North America.

Logos, product and company names mentioned are the property of their respective owners.

© 2021 Hotel News Resource



Source link

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertismentspot_img

Instagram

Most Popular