Timberlane Boosts Boutique Hotel Portfolio; Acquires Two in Carmel-by-the-Sea
Timberlane Partners has purchased a pair of boutique hotels in Carmel-by-the Sea, the Hideaway and the Getaway, totaling 58 rooms in one of Monterey County’s top visitor destinations. Henry Bose, Alex Lee-Bull and Elena Quach with CBRE Hotels in San Francisco represented the seller, Meriwether Company.
The Hideaway and the Getaway were built in the 1950’s and renovated in 2019. Both are located near Carmel-by-the-Sea’s historic shopping district, and offer lounge space and a courtyard with a fire pit. They are also ranked in the top five of the town’s hotels on TripAdvisor.
“Carmel-by-the-Sea is a fantastic Bay Area drive-to market and has been one of the most resilient lodging markets in California”, said the CBRE team, adding, “Its proximity to the Bay Area has driven demand from local and international travelers and investor interest is stronger than ever.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.