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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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