Evolution Hospitality Adds DoubleTree by Hilton LAX - El Segundo to Portfolio
Wednesday February 19th, 2014 - 1:21PM EOG
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SAN CLEMENTE, CA—A partnership formed by an affiliate of Argosy Real Estate and senior principals of Evolution Hospitality acquired the DoubleTree by Hilton LAX - El Segundo for an undisclosed amount.
The hotel, which will be managed by San Clemente, CA-based Evolution Hospitality, is located adjacent to Mattel Inc. headquarters in a 7.5 million sq.-ft. corporate park and two miles from Los Angeles International Airport. It features 215 guestrooms, a full-service restaurant and bar, 4,500 sq. ft. of meeting space and a heated outdoor pool and spa. A renovation to update the guestrooms, lobby and restaurant is planned for late 2014.
“DoubleTree by Hilton LAX – El Segundo has consistently shown a strong operating performance even during the recent economic downturn. We’re excited to welcome the hotel’s highly functioning associates to our family, and equally excited for our growing relationship with Argosy Real Estate,” stated John Murphy, president of Evolution Hospitality.
Tags: Evolution Hospitality • DoubleTree by Hilton LAX • Hospitality • Acquisitions • Construction/Renovation • Management Companies •
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