MetWest Terra Hospitality Announces Addition of Downtown San Francisco Hotel to Management Portfolio

JACKSON HOLE, Wyo., Jan. 18, 2012 /PRNewswire/ -- MetWest Terra Hospitality announced today that its affiliate has purchased Hotel Abri in San Francisco and that MetWest Terra Hospitality was awarded the management contract. The recent purchase marks the third boutique hotel property to join the company's growing portfolio in a 30 day period. With the addition of Hotel Abri, MetWest Terra Hospitality now manages four hotels in the San Francisco Bay Area including Casa Madrona Hotel and Spa in Sausalito, the Lodge at Tiburon, and Toll House Hotel in Los Gatos. Located just two blocks from San Francisco's iconic Union Square, Hotel Abri is the first downtown address for MetWest Terra Hospitality.

The three recent additions are representative of MetWest Terra's aggressive plans for growth led by President of MetWest Terra, Jamie Yarrow. "We are extremely enthusiastic and optimistic about our long-term prospects across the U.S. as a whole and in the Bay Area in particular," said Yarrow. "The region is a superb setting for the high standards of comfort and service MetWest Terra provides, designed to suit both leisure and business travelers alike."

"The recent awards of these three management contracts with in a 30-day time period demonstrates our ability to move quickly on opportunities we believe best represent MetWest Terra's brand promise," added CEO and Chairman Richard Hollander, "which is to provide our guests with unique and authentic experiences that connect them to our spectacular destinations."

Currently the hotel group's vibrant and diversified portfolio spans the country from Topnotch Resort & Spa in Stowe, Vermont, to the Hotel Terra in Jackson Hole, Wyoming.

Hotel Abri

With a stylish setting only two blocks from Union Square, Hotel Abri plugs guests into the vibrant heart of San Francisco. Originally built as the Monticello in 1906, the hotel re-opened in 2008 following a complete remodel and renovation to the tune of $11.4 million. Sleek, hip, modern, and decked out with contemporary art and amenities, Hotel Abri features 91 guest rooms, including 28 suites, designed for travelers who prefer a clean and comfortable oasis within an authentic urban scene. Guests can enjoy exquisite cuisine and beverages at Puccini & Pinetti, the Italian bar and restaurant located on the ground level. Onsite services include a complimentary business center, full-service concierge, and space for small meetings and events.

Editor's Note: Photos and interviews are available upon request.

About MetWest Terra Hospitality

The MetWest Terra team is comprised of a diverse group of capital managers, real estate professionals, and lifetime hotel operators. The team is led by Chairman Richard Hollander who builds upon nearly three decades of success founding and managing institutional investment strategies which at one point combined for total assets under management of over $80 billion. President Jamie Yarrow brings two decades of experience with Four Seasons Hotels and Resorts. MetWest Terra's ability to attract the top talent in the industry has allowed the company to outperform its competition and earn substantial credibility. The Principals at MetWest Terra have previously held senior positions with a variety of noteworthy hospitality companies including Four Seasons, Rosewood and Fairmont as well as financial institutions including Price Waterhouse Coopers, Bear Stearns & Co., and ING Real Estate Finance. The team often draws on past experiences and utilizes the best management practices of each of these distinctly unique companies in forming the standards of service and operation management style that define MetWest Terra Hospitality as a hotel management company for the 21st century. www.metwestterra.com

SOURCE MetWest Terra Hospitality