The Volaré is a 73-room property positioned in the heart of San Clemente, a charming beach community. Located at 111 S. Avenida De La Estrella, The Volaré hotel is within walking distance to several shops, restaurants, and popular destinations, such as Trestles Beach, the San Clemente Pier, and Dana Point Harbor.
Chatham Lodging Trust (NYSE:CLDT) today announced that it has acquired the 96-room Courtyard by Marriott Charleston Summerville, S.C., for $20.2 million, or approximately $210,000 per room.
The first phase of development is valued at circa USD 200 million and includes luxury hotel The Vale Rusutsu and a bespoke onsen and spa facility. Additional phases scheduled for release in 2018 will include new retail and entertainment developments and further hotel facilities, estimated at circa USD 500 million.
Two management agreements have been signed with two affiliates of BRG Group for a DoubleTree by Hilton hotel in Vung Tau, a key city in southern Vietnam and a Hilton Garden Inn hotel in Ho Chi Minh City respectively.