California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Peregrine Hospitality Acquires Tiburon, Los Gatos Properties
Peregrine Hospitality, a full‑service hospitality owner‑operator of 57 hotels and resorts nationwide, has acquired two Northern California properties: The Lodge at Tiburon in Tiburon and Toll House Hotel in Los Gatos. Terms of the acquisitions were not disclosed.
Located on three acres overlooking San Francisco Bay, The Lodge at Tiburon offers 104 guest rooms, most with private balconies, and 10,000 square feet of flexible meeting space, including 5,000 square feet indoors. Toll House Hotel is located in historic Los Gatos. Renovated in 2021, the 115‑key boutique property offers 6,300 square feet of flexible indoor/outdoor meeting space, fitness center, business center and onsite dining options.
“These are both exceptionally well-located hotels that align with our strategy of creating enhanced guest experiences while delivering long-term asset value,” said Greg Kennealey, CEO, Peregrine Hospitality. “Both Tiburon and Los Gatos are high‑demand markets that attract leisure and corporate travelers year-round.”
- ◦Sale/Acquisition
