OAKLAND, Calif., June 17, 2016 /PRNewswire/ -- Arbor Lodging Partners ("Arbor"), a leading fully integrated owner and operator of hotels nationwide, announced today that, through an affiliate, it has acquired the Hilton Garden Inn Oakland/San Leandro in San Leandro, California, a 119-room select-service hotel. NVN Hotels will manage the hotel, effective immediately.
The acquisition marks Arbor's entry into the San Francisco Bay Area, one of the highest-demand lodging markets in the country. The hotel is centrally located in the East Bay area, minutes from the Oakland International Airport and just off Highway 880/238. It is within easy reach of the businesses and attractions of Oakland, Alameda, Emeryville, San Leandro, Hayward, and Fremont.
"The booming technology industry, world-class universities, and cultural institutions of the Bay Area combine to make it attractive for hotel investment," commented Vamsi Bonthala, chief executive officer 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 Arbor Lodging Partners principal Sheenal Patel, also 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."
The stylish, contemporary Hilton Garden Inn Oakland/San Leandro features well-designed guest rooms, a 1,300 square-foot meeting space that holds up to 100 people, an indoor pool, whirlpool and fitness center, and the Garden Grille & Bar restaurant, which serves breakfast, lunch, and dinner. Arbor Lodging Partners has plans to further invest in the hotel with more than $4 million in updates to the property.
JLL's Hotels and Hospitality Group played an integral role in the transaction, with a team led by Senior Vice President Mark Fraioli and Vice President Melvin Chu.
About Arbor Lodging Partners
Arbor Lodging Partners is a Chicago-based national owner and operator of hotels. The company was founded in 2005 with the goal of uniting the best practices of enterprising hotel operators and sophisticated institutional investors to effectively underwrite and execute investments in the lodging space. Arbor Lodging Partners makes investments in hotels, acquires loans secured by hotels, and, through an affiliate, manages operations for its own hotels and those owned by third-parties. To learn more about Arbor Lodging Partners visit http://www.arborlodging.com.
About NVN Hotels
NVN Hotels is a leading hotel management company providing owners and asset managers with a range of services for their operational needs. Recently designated one of the nation's top hotel companies of 2015 by Hotel Management Magazine, the NVN Hotels team has a long history of providing strong leadership for hotel operations and a reputation for presenting innovative solutions for the many challenges faced by hotels. To learn more about NVN Hotels, visit http://www.nvnhotels.com.
Patricia Agos, email@example.com or 773-758-5044
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arbor-lodging-partners-acquires-hilton-garden-inn-oaklandsan-leandro-300286660.html
SOURCE Arbor Lodging Partners