Overview
- The company announced purchases of The Lodge at Tiburon in Tiburon and Toll House Hotel in Los Gatos as part of a drive-to-leisure expansion.
- The Lodge at Tiburon has 104 rooms and about 10,000 square feet of meeting space, plus onsite dining, a fitness center, a heated pool, and the open-air SkyDeck lounge.
- Toll House Hotel offers 115 keys and 6,300 square feet of flexible meeting space, features onsite amenities, and completed a renovation in 2021.
- The properties sit near major leisure and corporate demand drivers, including ferry access to Angel Island, proximity to Muir Woods, and Silicon Valley employers in Los Gatos.
- Peregrine describes a $2.5 billion portfolio of 57 hotels, though one report says the additions bring the total to 59, and the parties did not disclose price or financing details.