NEWS

WIRES

OTHER

MetWest Terra Hospitality Announces Purchase of Two California Boutique Hotels: The Lodge at Tiburon and Toll House

"The Lodge at Tiburon and Toll House are perfect additions to our growing collection of elegant boutique hotels that combine small town charm with modern sophistication and natural beauty," said Jamie Yarrow, President of MetWest Terra Hospitality. "Revealing the depth of our optimism, and enthusiasm for the hospitality industry and its long-term prospects, the acquisition of these two properties is timely and advantageous for our growing portfolio as we plan for 2012 and beyond."

The acquisition of the two California hotels comes only months after an affiliate of MetWest Terra Hospitality purchased Stowe, Vermont's iconic Topnotch Resort & Spa, and just over a year after purchasing Casa Madrona.

MetWest Terra Hospitality currently oversees the hotel management, asset management and renovation project management for a number of assets across the country, including Hotel Terra and Teton Mountain Lodge in Jackson Hole, Wyoming. The company also handles asset management for Four Seasons Resort Palm Beach and the recently opened Four Seasons Hotel Baltimore. The acquisitions reveal the depth of commitment that MetWest Terra Hospitality has for the hospitality sector and enhances the company's already dynamic and diversified hotel portfolio, which spans the U.S., from Vermont to Jackson Hole, WY, to Northern California.

The Lodge at Tiburon
Located on the tip of the Tiburon Peninsula, The Lodge at Tiburon is a lovely escape from the nearby city with easy proximity to waterfront docks, cafes, boutiques and galleries. The 102-room hotel welcomes guests with its quintessential Northern California ambiance and amenities including the Tiburon Grill. The Lodge at Tiburon is also an inviting destination for meetings and events, with capacity for up to 200 guests in 5,000 square feet of flexible meeting space.

Toll House
Set in the heart of Silicon Valley, Toll House unfolds as an intimate, small-town destination surrounded by the modern sophistication and natural beauty of Los Gatos. As peaceful as the town around it, the 115-room boutique address is just steps from shopping, galleries and dining. Guests enjoy locally-sourced, farm-fresh ingredients prepared at on site Three Degrees Restaurant - considered to be among the best dining spots in town. The hotel also enjoys a stellar reputation for catering to meeting and event clientele, with five flexible meeting facilities.

SOURCE MetWest Terra Hospitality