Vesta Hospitality Acquires Homewood Suites in La Quinta, CA
La Quinta, CA - February 7, 2014 - Vesta Hospitality, together along with its partner Pathfinder Partners, LLC, today announced that it has acquired the Homewood Suites in La Quinta, California. Rick Takach, President and CEO of Vesta, made the announcement.
Vesta has been managing the property for the past four years. As a result, the company has a deep understanding of the 129-suite hotel, as well as its unique features and market strengths.
Pathfinder Partners is a San Diego-based real estate investment firm that seeks out and invests in value-add real estate opportunities.
“We are excited to partner with Pathfinder and add the La Quinta Homewood Suites to our portfolio,” said Takach. “There is no question that our management experience at the property helped us make this decision. It's one thing to look at a balance sheet but when you can couple that with the human element; that is knowing the hotel's culture, clientele and what makes it successful, you can make a truly informed decision.”
The La Quinta Homewood Suites is located in the heart of Coachella Valley, providing easy access to local businesses including Berger Foundation, Betty Ford Cen-ter and JFK Memorial Hospital. The hotel received the 2013 TripAdvisor Certificate of Excellence Award.
About Vesta Hospitality
Founded in 1996 and headquartered in Vancouver, WA, Vesta Hospitality is one of the nation's leading, privately owned hotel management and development firms. With a port-folio of eleven properties across the United States, Vesta continues to seek out opportu-nities in key markets across North America. For more information regarding Vesta Hos-pitality and to discuss possible partnership opportunities, please contact Rick Takach at (360) 737-0442.