{"id":1004281313,"date":"2018-11-23T04:50:18","date_gmt":"2018-11-23T12:50:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004281313"},"modified":"2022-12-08T09:21:56","modified_gmt":"2022-12-08T17:21:56","slug":"xenia-acquires-170m-socal-hyatt-resort","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/xenia-acquires-170m-socal-hyatt-resort\/","title":{"rendered":"Xenia Acquires $170M SoCal Hyatt Resort"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004281316\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Park-Hyatt-Aviara-resort-Golf-Club-Spa.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004281316\" data-attachment-id=\"1004281316\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/xenia-acquires-170m-socal-hyatt-resort\/park-hyatt-aviara-resort-golf-club-spa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Park-Hyatt-Aviara-resort-Golf-Club-Spa.jpg\" data-orig-size=\"800,554\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Park Hyatt Aviara resort Golf Club &#038; Spa\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Park-Hyatt-Aviara-resort-Golf-Club-Spa.jpg?w=800\" class=\"wp-image-1004281316 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Park-Hyatt-Aviara-resort-Golf-Club-Spa.jpg\" alt=\"Park Hyatt Aviara Resort Golf Club &amp; Spa\" width=\"300\" height=\"208\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Park-Hyatt-Aviara-resort-Golf-Club-Spa.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Park-Hyatt-Aviara-resort-Golf-Club-Spa.jpg?resize=300,208 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Park-Hyatt-Aviara-resort-Golf-Club-Spa.jpg?resize=768,532 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004281316\" class=\"wp-caption-text\">Park Hyatt Aviara Resort Golf Club &amp; Spa<\/p><\/div>\n<p>Xenia Hotels &amp; Resorts Inc. has acquired the 327-key Park Hyatt Aviara Resort Golf Club &amp; Spa for $170 million. Hyatt manages the property since 2010 and will continue to do so.<\/p>\n<p>Located at 7100 Aviara Resort Drive, on approximately 222 acres in the northern San Diego submarket, the property offers convenient access to many nearby points of interest.<\/p>\n<p>Park Hyatt Aviara Resort Golf Club &amp; Spa features 43 suites and includes common-area amenities such as:<\/p>\n<ul>\n<li>78,000-square-foot meeting space<\/li>\n<li>six tennis courts<\/li>\n<li>two outdoor swimming pools<\/li>\n<li>24-hour fitness center<\/li>\n<li>24-hour business center<\/li>\n<li>recreation center<\/li>\n<li>game room<\/li>\n<li>golf driving range<\/li>\n<\/ul>\n<p>Additionally, the hotel offers a 15,000-square-foot spa, which includes 20 treatment rooms and a couple\u2019s suite, an indoor solarium lounge, saunas, whirlpool and steam rooms. The Aviara 18-hole golf course was designed by Arnold Palmer.<\/p>\n<p>&#8220;<em>Our ability to purchase the resort at a price substantially below replacement cost and well below those of comparable resorts in the region provides a significant value creation opportunity for the company,&#8221; <\/em>Marcel Verbaas, chairman &amp; CEO of Xenia, said in a prepared statement.<\/p>\n<p>Earlier this year, Xenia sold Aston Waikiki Beach Hotel in a <a href=\"https:\/\/www.commercialsearch.com\/news\/hawaii-hotel-fetches-200m\/\">$200 million transaction<\/a>.<\/p>\n<p><em>Image courtesy of Xenia Hotels &amp; Resorts Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Situated close to San Diego, the 327-key property includes 43 suites, a 15,000-square-foot spa, an 18-hole golf course and six tennis courts.<\/p>\n","protected":false},"author":436,"featured_media":1004281316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,21742,1608,15],"tags":[33185,33225],"class_list":["post-1004281313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-latest","category-san-diego","category-west","tag-hyatt","tag-xenia-hotels-and-resorts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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