Under the terms of the eye-catching deal, all eight Seaview Investors hotels have been added to Azul Hospitality Group’s extensive portfolio of managed assets.
The management of eight properties across California is changing hands.
A strategic partnership
Azul Hospitality Group and Seaview Investors have agreed a partnership that will see the former run the latter’s eight hotels in the Golden State.
“We are honoured to have a leading investor like Seaview as a partner,” said Rick Mansur, president and CEO of Azul Hospitality Group. “With the improving industry conditions, along with our ability to drive efficient and innovative hospitality operations, we are confident that we will maximise their investment returns.”
“We are pleased to partner with Azul, which will give our properties access to a strategic, data-driven and analytical team,” added Bob Alter, president and founder of Seaview Investors. “They are a natural fit for our portfolio and will bring the operational expertise to continue to elevate these assets to the top of their respective markets.”
Expanding Azul’s geographic footprint
The 1,403-room Seaview Investors portfolio is made up of eight hotels.
In LA, the collection encompasses AC Hotel by Marriott Beverly Hills; Courtyard by Marriott Los Angeles LAX / Century Boulevard; Embassy Suites by Hilton LAX North; H Hotel Los Angeles, Curio Collection by Hilton; Homewood Suites by Hilton Los Angeles International Airport; Residence Inn by Marriott Beverly Hills; and Residence Inn by Marriott Los Angeles at LAX. These seven are joined by Hotel Trio in Healdsburg near Santa Rosa.
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