OAKLAND, CA—Arbor Lodging Partners, through an affiliate, has acquired the Hilton Garden Inn Oakland/San Leandro in San Leandro, CA. NVN Hotels will manage the 119-room select-service hotel
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The acquisition marks Arbor's entry into the San Francisco Bay Area, one of the highest-demand lodging markets in the country, according to the company. The hotel close to the Oakland International Airport and just off Highway 880/238.
"The booming technology industry, world-class universities and cultural institutions of the Bay Area combine to make it attractive for hotel investment," said Vamsi Bonthala, CEO of Arbor Lodging Partners. "This location aligns perfectly with our goal to invest in high quality, well located properties that will offer long-term economic rewards."
"We're pleased to strengthen our relationship with the Hilton Hotels & Resorts family of brands with this acquisition," added Sheenal Patel, Arbor Lodging Partners principal and CEO of NVN Hotels. "Hilton's global brand recognition, commitment to excellent service, and innovative hospitality practices make their hotels a great fit for our investment strategy."
Property features include a 1,300-sq.-ft. meeting space that holds up to 100 people, an indoor pool, whirlpool and fitness center, as well as the Garden Grille & Bar restaurant. Arbor Lodging Partners has plans to further invest in the hotel with more than $4 million in updates to the property, according to the company.
JLL's Hotels and Hospitality Group played an integral role in the transaction, with a team led by SVP Mark Fraioli and VP Melvin Chu.
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