MetWest Terra Hospitality Announces Purchase of Two California Boutique Hotels
The Lodge at Tiburon and Toll House
Together with The Casa Madrona Hotel & Spa, new acquisitions create a unique collection of MetWest Terra properties in the San Francisco Bay Area
December 15, 2011 (Jackson Hole, Wyoming) – MetWest Terra Hospitality announced today that affiliates purchased two boutique hotels in California: The Lodge at Tiburon in Tiburon and Toll House in Los Gatos. Both hotels were previously part of The Larkspur Collection. MetWest Terra Hospitality will assume management of both hotels. With these additions MetWest Terra Hospitality now claims a collection of three hotels in the San Francisco Bay Area, including the historic Casa Madrona Hotel & Spa in Sausalito.
“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. The recent development is a testament to the company’s commitment to grow their hospitality holdings.
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.
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.
Editor’s Note: Photos and interviews are available upon request.
About MetWest Terra Hospitality
The MetWest Terra team is comprised of a diverse group of capital managers, real estate professionals, and lifetime hotel operators. The team is led by Chairman Richard Hollander who builds upon nearly three decades of success founding and managing institutional investment strategies which at one point combined for total assets under management of over $80 billion. President Jamie Yarrow brings two decades of experience with Four Seasons Hotels and Resorts. MetWest Terra’s ability to attract the top talent in the industry has allowed the company to outperform its competition and earn substantial credibility. The Principals at MetWest Terra have previously held senior positions with a variety of noteworthy hospitality companies including Four Seasons, Rosewood and Fairmont as well as financial institutions including Price Waterhouse Coopers, Bear Stearns & Co., and ING Real Estate Finance. The team often draws on past experiences and utilizes the best management practices of each of these distinctly unique companies in forming the standards of service and operation management style that define MetWest Terra Hospitality as a hotel management company for the 21st century.