Hyatt Hotels Corp. Acquires Hotel In Big Sur For $148M

Hyatt Hotels Corp., led by Mark S. Hoplamazian, has acquired a hotel property in Big Sur, located at 48123 Highway One. The transaction was completed on June 15, 2021. The hotel, which is situated in a picturesque coastal market, offers a total of 59 rooms, 63 camping areas, and 15 tent cabins.

Summary of Transaction Details

• Property Type: Hotel
• Transaction Amount: $148,000,000
• Address: 48123 Highway One, Big Sur
• Buyer: Hyatt Hotels Corp. - Mark S. Hoplamazian
• Seller: Geolo Capital

The sale involved the buyer, Hyatt Hotels Corp., represented by Mark S. Hoplamazian, and the seller, Geolo Capital. The hotel property, which offers a variety of accommodation options including rooms, camping areas, and tent cabins, presents an exciting investment opportunity for Hyatt Hotels Corp.