Makar Acquires the Hilton Anaheim
Plans Full Renovation, Repositioning
NEWPORT BEACH, CA, April 4, 2007. Makar Properties, LLC, has announced that an affiliated joint venture acquired the 1,572-room Hilton Anaheim Hotel in Orange County, California, for an undisclosed amount. As the largest hotel in Orange County by room count, with award-winning facilities and an experienced staff, the Hilton is widely recognized as Anaheim's premier convention and resort facility.
Makar will begin to reposition the property with plans for full renovation of the guestrooms, ballrooms, meeting rooms and all public areas. Linda Snyder Associates, Inc will spearhead the interior design of the guestrooms and corridors and Creative Resource Associates will design the interior of the public spaces.
"We are excited about the acquisition and upcoming renovation of the Hilton Anaheim Hotel," states Paul Makarechian, president and CEO of Makar Properties. "The property is already a landmark in Orange County as a popular business and leisure destination. Updating the property will elevate the hotel to a new level of quality and sophistication so that it can compete more effectively with other nationally recognized conference and convention hotels."
Located at 777 West Convention Way, adjacent to the Anaheim Convention Center, the 14-story hotel offers 107,000 square feet of meeting space; six on-site food and beverage facilities; 14,000 square feet of retail space; a 25,000 square-foot health club with basketball court, indoor pool and whirlpool; roof-top pool area with outdoor pool and four outdoor whirlpools; a full service business center; Disneyland shuttle; concierge and florist. The property was originally constructed in 1984 and previously renovated in 1996/1997.
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