Paramount Lodging Advisors Arranges the Sale of the DoubleTree by Hilton – Pruneyard Plaza Hotel in Campbell/San Jose California
Paramount Lodging Advisors (PLA) is pleased to announce the successful sale of DoubleTree by Hilton Campbell - Pruneyard Plaza, located at 1995 Bascom Avenue, Campbell, CA. The hotel is part of the 30-acre landmark Silicon Valley mixed-use Pruneyard development, and enjoys excellent accessibility to all of the Valley. In addition to the hotel, there is approximately 365,000 square feet of office, 260,000 square feet of retail, and 2,115 parking spaces.
The hotel is located just over five miles from downtown San Jose and San Jose International Airport, with excellent accessibility to all regional demand generators, including Levi's Stadium (49ers NFL), Santana Row, Great American Theme Park, Winchester Mystery House, The Mountain Winery, San Jose Museum of Art, and Santa Cruz Beach Boardwalk. Significant corporate transient/group demand generators include Apple, eBay, Netflix, Roku, Adobe Systems, Hitachi, Vocera, SAAMA Technologies, and Xilinix.
The DoubleTree hotel opened in 1988 and is a full-service lodging facility containing 169-rooms. The hotel also features approximately 4,115 square feet of meeting space and the PY Kitchen & Wine Garden, a 3-meal a day restaurant. There are over 15 food and beverage outlets within the adjacent Pruneyard Plaza, offering hotel guests a number of entertainment and dining options.
Scott Griemsmann, Senior Managing Director of the Western U.S., and Brian Guernier, Managing Director, represented the owners in the transaction.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
