Home
Hotel News
BITAC® Events!
Purchasing & Design West Oct. 21, 2018 More Info 2 Supplier Spots Left
Building Your Hospitality Business
  Are you a member? Log In  or  Sign Up
The Lodging Conference
 
Share
Send a summary and link to this article
To Email
Your Name
Your Email
Bot Test
To pass the Bot Test, please type the white text that you see in the gray box. This helps us prevent spammers from abusing the system.
Print Printable Version

AJ Capital Partners Acquires Hotel President In Palo Alto, CA

Wednesday, June 13, 2018
bookmark this
Bookmark to: Digg Bookmark to: Del.icio.us Bookmark to: Facebook
Bookmark to: Yahoo Bookmark to: Google Bookmark to: Twitter
We are on Twitter

AJ Capital Partners announces today that it has acquired the President Hotel Apartments, formerly Hotel President, in Palo Alto, California. The building will undergo an historic renovation to convert to Graduate Palo Alto, part of the Graduate Hotels® collection, and open in 2020. Please find additional details below and attached as I hope you can consider the news for Hotel Interactive®.

The six-story building is located on University Avenue, in the heart of downtown Palo Alto. Completed in 1929, the iconic Hotel President was named to honor then-President Herbert Hoover, who was one of the first students to enroll at Stanford University. Currently a mix of retail and apartments, the building will undergo an historic renovation to convert to Graduate Palo Alto, part of the Graduate Hotels® collection, and open in 2020. Following the renovation, the hotel will offer 100 guestrooms, a lobby coffee shop, street level retail and the restoration of its original rooftop garden. AJ Capital selected Loan Core Capital to provide financing for the project.

The building will undergo a comprehensive renovation, which will touch all guestrooms, corridors and the lobby, while still preserving its façade and interior historic elements in order to restore the hotel’s original luster.

Prominently situated in the center of Palo Alto’s downtown, the hotel is conveniently proximate to Stanford University’s educational, medical and research campuses and Stanford Stadium, and within walking distance to Palo Alto’s most popular restaurants, retailers, galleries and theaters. With many of the nation’s leading entrepreneurial, service and venture capital firms located in Palo Alto and Silicon Valley, as well as a diverse mix of lifestyle and recreational amenities in the area, Graduate Palo Alto will be an ideal location for business and leisure travelers alike.

Created for travelers who seek memory-making journeys, Graduate Hotels® are a well-curated, thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Every property celebrates and commemorates the optimistic energy of its community, while offering an extended retreat to places that often played host to the best days of our lives. There are currently 11 open and operating hotels across the U.S. and an additional seven hotels under development slated to open by 2020.
Feedback Messaging & Feedback
We welcome your opinion! Log In to send feedback.
Already a member?
Login
Log In
Not yet registered?
Login
Sign Up
Need More Information?
Information
Benefits
 
  RSS Feed
RSS Feed
Policies
Contact Us
Mobile Version