The Hotel Today
While retaining its classic Victorian look, the hotel continues to upgrade its facilities. In July 2005, the hotel obtained approval to construct up to 37 limited-term occupancy cottages and villas on the property. They also received approval to add up to 205 additional rooms.
In 2003, Travelers sold the property to CNL Hospitality Properties Inc. and KSL Recreation Corp (CNL/KSL). This ownership group completed a $10 million upgrade of 381 rooms in June, 2005. The hotel is currently owned by the Blackstone Group LP (60%), Strategic Hotels & Resorts Inc. (34.5%), and KSL Resorts (5.5%). When Strategic Hotels & Resorts Inc. bought its stake in 2006, the hotel was valued at $745 million; currently, the hotel is valued at roughly $590 million.
-
Front of the Hotel del Coronado
-
Dragon Tree located at the Hotel del Coronado
-
Old building of the Hotel del Coronado
-
The entrance sign at The Del
-
A full view of The Hotel del Coronado
Read more about this topic: Hotel Del Coronado
Famous quotes containing the words hotel and/or today:
“They all see you when you least suspect.
Out flat in your p.j.’s glowering at T.V.
or at the oven gassing the cat
or at the Hotel 69 head to knee.”
—Anne Sexton (1928–1974)
“The great majority of people in England and America are modest, decent and pure-minded and the amount of virgins in the world today is stupendous.”
—Barbara Cartland (b. 1901)