Represents Final Phase of Blackstone Real
Estate's More Than $550 Million
Investment in the Property
SAN
DIEGO, Oct. 16, 2023 /PRNewswire/ -- The
legendary Hotel del Coronado,
part of Curio Collection by Hilton, has announced plans to restore
and revitalize the hotel's historic Victorian building with a more
than $160 million investment, marking
the next and final phase of Blackstone Real Estate's more than
$550 million development plan to
preserve and enhance the National Historic Landmark property for
the enjoyment of guests, visitors and the community alike. The
upgrades will encompass all Victorian guestrooms, suites and event
spaces such as the iconic Crown Room, with a targeted completion
date of Spring 2025.
"We are thrilled to embark on this exciting and final journey of
Blackstone's investment in this one-of-a-kind resort," said
Harold Rapoza, managing director,
Hotel del Coronado. "The Victorian
building holds a special place in the hearts of our guests, and we
are dedicated to preserving its historical significance while
elevating the bespoke guest experience to new heights."
Rob Harper, head of real estate
asset management Americas at Blackstone added, "Since our more than
$550 million investment plan began in
2018, we have worked diligently to preserve The Del as a National
Historic Landmark while cementing the property's status as an
iconic and timeless destination for generations to come. We are
immensely proud of the thoughtful work completed to date and look
forward to partnering with the local teams to make this next phase
of the project a reality."
For more than 135 years, Hotel del Coronado has welcomed travelers from all over
the world to experience the best of Southern California coastal lifestyle. The
Victorian building is the original, iconic beachfront hotel
established in 1888, and is renowned for evoking a bygone era, with
a star-studded legacy and magic of nearly two centuries.
Led by Wimberly Interiors in partnership with WATG's
California architecture studio,
the design for the Victorian building celebrates the legacy of the
property, ensuring the public areas remain truly Victorian with
original finishes remaining intact, but with contemporary design
enhancements to bathrooms, furnishing, artwork and state-of-the-art
technologies to elevate the level of comfort and luxury.
David Marshall of Heritage
Architecture & Planning is leading The Victorian guestroom
redesign effort with the same vigor and attention to detail that
awarded the firm a "Preservation Project of The Year" honor from
the Save Our Heritage Organisation, as well as a "Preservation
Design Award" from the California Preservation Foundation following
their extensive and diligent reconstruction of the hotel's front
porch and lobby areas.
Beginning in 2018, Hotel del Coronado embarked on a renovation and
development plan, facilitated by Blackstone Real Estate, to ensure
the resort remains a sought-after destination.
- Ocean Concierge Club — A modern and refined take on the classic
concierge club experience, housed in the renovated historic Windsor
Cottage, which has been preserved with historic elements dating
back to its original conception in 1905. Debuted this summer.
- Beach Village at The Del — An enclave of cottages and villas,
which is set to unveil a full makeover by the end of 2023.
- Shore House at The Del — The newest neighborhood inclusive of
75 new residential-style accommodations on the south end of the
resort, which debuted in 2022.
- Fitness Center — Expanded fitness center with a variety of
equipment, certified trainers and a range of classes including
Beach Spin, Yoga, Pilates, Paddleboard Yoga and more.
- Ice House Museum — Showcasing The Del's history with
behind-the-scenes moments and legendary guests.
- Shops at The Del — A completely new comprehensive retail
experience with specialty shops and apparel.
- Victorian Building Entrance — A completely reimagined front
drive—reorienting the guest arrival experience to restore it to
mirror The Del's original arrival experience at its grand Victorian
Lobby.
- Vista Terrace — One of the hotel's most popular outdoor event
venues that can host up to 900 guests, which re-launched in
2019.
- Serẽa Coastal Cuisine — The sustainable sea-to-table restaurant
concept debuted in 2019, with James Beard Foundation's Smart Catch
Leader Executive Chef JoJo at the helm.
- The Cabanas & The Views – Renovations of guestrooms in the
Cabanas and Views neighborhoods, which added 97 and 217 rooms
respectively
- Cabana Pool — New main pool, heated year-round, accompanied by
shaded chaise lounges, umbrellas, Premium Cabanas and
Cabanettes.
- Culinary Upgrades — Upgrades and re-concepting of multiple
dining outlets including the Sun Deck, Babcock & Story Bar, and
ENO Market & Pizzeria.
- Spa & Salon at The Del — Completely reimagined spa with
ocean-inspired treatments that tap into the healing power of the
sea.
During the reimagination of The Victorian, accommodations
continue to be available in The Del's other four
neighborhoods: The Views, The Cabanas, Beach Village and
Shore House. Exciting guest experiences will debut and The
Del's popular signature programming will continue.
For the latest information on The Del's enhancements, or to book
online, please visit hoteldel.com.
###
About Hotel del Coronado
Set on one of America's most
iconic beaches, the legendary Hotel del Coronado and Beach Village at The Del have
welcomed discerning travelers for more than 135 years to experience
the Southern California coastal
lifestyle at its best. Here, the magic and nostalgia of the
property's storied past blends seamlessly with contemporary luxury
in overnight and day experiences that offer every amenity
imaginable. Hotel del Coronado
offers five distinct neighborhood experiences, including Shore
House at The Del, the hotel's new residential-style villas, which
complement the luxurious Beach Village; The Cabanas, where refined
coastal design complements the newly refreshed pool, serving as the
social center of the hotel; The Views, the hotel's home-base for
coastal adventure experiences and activities; and The Victorian
building, which will re-emerge in Spring 2025. For more information
please visit hoteldel.com.
About Curio Collection by Hilton
Curio Collection by
Hilton is a global portfolio of more than 140
individually remarkable hotels hand-picked to immerse guests in
one-of-a kind moments in the world's most sought-after
destinations. Each hotel in the Curio Collection evokes a bespoke
story through distinctive architecture and design, world-class food
& beverage and curated experiences, while providing the
benefits of Hilton and its award-winning guest loyalty
program Hilton Honors. Experience Curio Collection by
Hilton by booking at curiocollection.com or through
the industry-leading Hilton Honors app. Hilton Honors
members who book directly through preferred Hilton channels have
access to instant benefits. Learn more about Curio Collection by
Hilton at stories.hilton.com/curio, and follow the
brand on Facebook, Instagram and
Twitter.
About Blackstone Real Estate
Blackstone is a global
leader in real estate investing. Blackstone's real estate business
was founded in 1991 and has US $333
billion of investor capital under management. Blackstone is
the largest owner of commercial real estate globally, owning and
operating assets across every major geography and sector, including
logistics, residential, office, hospitality and retail. Our
opportunistic funds seek to acquire undermanaged, well-located
assets across the world. Blackstone's Core+ business invests in
substantially stabilized real estate assets globally, through both
institutional strategies and strategies tailored for income-focused
individual investors including Blackstone Real Estate Income Trust,
Inc. (BREIT), a U.S. non-listed REIT, and Blackstone's European
yield-oriented strategy. Blackstone Real Estate also operates one
of the leading global real estate debt businesses, providing
comprehensive financing solutions across the capital structure and
risk spectrum, including management of Blackstone Mortgage Trust
(NYSE: BXMT).
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hotel-del-coronado-announces-more-than-160-million-restoration-and-revitalization-of-historic-victorian-building-301957053.html
SOURCE Hotel del Coronado