Hotel del Coronado wraps $550M Blackstone-led renovation

Dive Brief:
Coronado, California’s Hotel del Coronado completed its $550 million restoration, a six-year-plus project funded by Blackstone Real Estate, the hotel announced in a release obtained by Hotel Dive Wednesday. 
The project restored the 137-year-old hotel’s front porch and lobby, main entry and drive, as well as updated its Victorian guestrooms, courtyard and event spaces. It also added two dining options, Nobu Del Coronado and Veranda.
Blackstone acquired the San Diego-area hotel in 2015 as part of its $6 billion acquisition of Strategic Hotels and Resorts. Since then, the property has undergone a multi-phase renovation, the final phase of which kicked off in 2023.

Blackstone Group (NYSE: BX)
Brian Kaufman | Managing Director-Student Housing/Hospitality
Blackstone Group (NYSE: BX)
Michelle Gelshteyn | Managing Director, Hospitality-West Coast
Blackstone Group (NYSE: BX)
Scott Trebilco | Senior Managing Director, Hospitality

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