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Mission Hill Acquires Homewood Suites in Cathedral City
Mission Hill Hospitality, a KSL Capital Partners portfolio company, acquired Homewood Suites by Hilton Cathedral City Palm Springs, a 197-key property in Cathedral City. This is the 19th hotel added to the Mission Hill Hospitality portfolio since the company was launched in March 2021. Deal terms weren’t disclosed.
“With this acquisition, Mission Hill continues to grow our high-quality portfolio of well-located select service and extended stay hotels, particularly in drive-to leisure markets like Palm Springs and the Coachella Valley, which draws nearly four million tourists annually,” said Mike Wilbert, managing director at Denver-based Mission Hill.
Built in 2017 and located at 67711 30th Ave., the Homewood Suites by Hilton Cathedral City is 10 minutes from downtown Cathedral City, 15 minutes from downtown Palm Springs, 10 minutes from Palm Springs Airport, and a two-hour drive to Los Angeles. It’s convenient to a variety of golf courses, hiking trails, shopping and dining.
- ◦Sale/Acquisition
