by Prof. Giovani Roob
Published 3 years ago
Updated 2 years ago
Blackstone Group, the world's largest alternative asset manager, will sell its remaining 63.6 percent stake in San Diego's landmark Hotel del Coronado for $210 million.May 28, 2014
How much is the Hotel del Coronado worth?
The Hotel del Coronado has an assessed value of $588 million, though its market price is far higher. The property is likely worth about $1 billion, according to Green Street Advisors LLC, a Newport Beach, California-based real estate research firm.
Who owns Coronado Hotel Del?
The Blackstone GroupHotel del CoronadoOpeningFebruary 19, 1888 134 years agoOwnerThe Blackstone GroupManagementCurio Collection by HiltonTechnical details31 more rows
What did Hilton pay for Hotel del Coronado?
The 28-acre property, built 1888 and designated a National Historic Landmark in 1977, was set to be bought last March for an estimated $6.5 billion.
How much did it cost to build Hotel del Coronado?
In all, Hotel del Coronado cost $1 million to complete: $600,000 for the actual constriction and $400,000 for all the furnishings. When the hotel finally debuted in 1888, Story and Babcock held a massive party attended by some 1,440 people from across San Diego.
How much was Hotel del sold for?
Blackstone Group, the world's largest alternative asset manager, will sell its remaining 63.6 percent stake in San Diego's landmark Hotel del Coronado for $210 million.
Is Hotel del Coronado owned by Chinese?
A Chinese company has acquired the hotel group that owns the Hotel del Coronado in a multi-billion dollar deal, according to published reports. Blackstone Group has agreed to sell Strategic Hotels & Resorts to a Chinese firm for $6.5 billion, CNBC has confirmed.
What movie was filmed on Coronado?
Some Like It HotFilmed at Hotel del Coronado in 1958, “Some Like It Hot” showcased the talents of Marilyn Monroe, Tony Curtis and Jack Lemmon while also highlighting the hotel's assets – a spectacular sun-drenched silhouette of Victorian architecture, the perfect backdrop for the film's 1929 setting.
Why is Coronado Hotel so famous?
Since the early 1900s, movie stars and moviemakers have been frequenting Hotel del Coronado, a sought-after set for filmmakers as well as a popular SoCal vacation getaway for celebrities. One of the most popular early films that used The Del as its backdrop was "The Pearl of Paradise", starring Margarita Fischer.
What is the oldest Hotel in California?
The National Hotel is said to be the oldest continuously operating hotel in California. Located in Nevada City, it was built in stages between 1854-57, and is the site of meetings that led to the formation of the Pacific Gas & Electric Company (PG&E).
What famous people have stayed at Hotel del Coronado?
Hotel del Coronado has always had the ability to attract Hollywood “royalty” as well as its newest superstars. In the 1970s and 1980s, The Del played host to mega-celebrities such as Cary Grant, Katherine Hepburn, and Burt Lancaster, as well as Goldie Hawn, Sylvester Stallone, and Renee Russo.
When was Hotel del Coronado last renovated?
“Our last day of operation was March 26, 2020, and we reopened the Beach Village at the Del and 190 rooms in the Victorian Building June 26, 2020.
How old is the Coronado Hotel in San Diego?
134Hotel del Coronado, Curio Collection by Hilton / Age (c. 1888)
Is Hotel del owned by Hilton?
Hotel del Coronado, Curio Collection by Hilton.
Did Marilyn Monroe stay at the Hotel del Coronado?
While only exteriors were shot on location, the cast, crew, and entourage all stayed at the “Hotel Del” during filming (including Curtis's wife Janet Leigh, who was pregnant at the time with Jamie Lee Curtis).
What movie was filmed on Coronado?
Some Like It HotFilmed at Hotel del Coronado in 1958, “Some Like It Hot” showcased the talents of Marilyn Monroe, Tony Curtis and Jack Lemmon while also highlighting the hotel's assets – a spectacular sun-drenched silhouette of Victorian architecture, the perfect backdrop for the film's 1929 setting.
What is the oldest hotel in California?
The National Hotel is said to be the oldest continuously operating hotel in California. Located in Nevada City, it was built in stages between 1854-57, and is the site of meetings that led to the formation of the Pacific Gas & Electric Company (PG&E).
11 hours ago
· A Chinese company has acquired the hotel group that owns the Hotel del Coronado in a multi-billion dollar deal, according to published reports.
22 hours ago
· Blackstone sells Hotel del Coronado stake for $210 million. Hotel Del Coronado, San Diego. Blackstone Group, the world’s largest alternative asset …
33 hours ago
· Hotel Del Coronado Owner Being Acquired by Blackstone for $6 Billion. Strategic Hotels & Resorts Inc., which owns 17 high-end U.S. hospitality properties including Hotel Del Coronado, has agreed to be acquired by affiliates of New York-based Blackstone Group, in a deal valued at approximately $6 billion.
2 hours ago
Blackstone Group, the world’s largest alternative asset manager, will sell its remaining 63.6 percent stake in San Diego’s landmark Hotel del Coronado for $210 million. And at 757 rooms, that values the famous hotel in excess of $1 million …
3 hours ago
· Hotel Del Condos Sell Big Before Project Is Finished. By Ray Huard. Tuesday, August 10, 2021. Tweet. Photos courtesy of IMI Worldwide Properties. The Shore House at The Del has 75 beachfront condominium units. A pricey condominium project at the Hotel Del Coronado has been all but sold out a year before it’s even finished. ...
17 hours ago
· Private equity firm, Blackstone Group, has agreed to sell the Hotel del Coronado and 15 other luxury properties, all a part of their Strategic Hotels & Resorts, Inc., to Anbang
21 hours ago
When Strategic Hotels & Resorts Inc. bought its stake in 2006, the hotel was valued at $745 million; as of 2011, the hotel was valued at roughly $590 million.[30] In 2014, Strategic Hotels & Resorts became full owners of the hotel.[31] In December 2015, Blackstone purchased Strategic Hotels & Resorts.
8 hours ago
· Shore House at The Del renderings by Bowen Studios. Shore House at The Del, the new resort real estate property at Hotel del Coronado, today announced that it is 100% sold out, with all 75 luxury residences now placed under firm contract. Public sales for Shore House launched just 5 weeks ago on July 22, 2021, following an extraordinary pre-sales period …
