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California  + Bay Area  + Hospitality  | 
Waterton and Argosy Real Estate Partners will redevelop the Houndstooth Inn in Oakhurst, CA into an outdoor-inspired, lifestyle select-service hotel

Waterton, Argosy Team to Redevelop Boutique Hotel Near Yosemite

Waterton, a Chicago-based national real estate investor and operator, has partnered with Argosy Real Estate Partners to acquire the Hounds Tooth Inn, a 13-key independent bed and breakfast on a 17-acre Opportunity Zone site in Oakhurst. Located near the main gate to Yosemite National Park, the site will be re-developed into Outbound Yosemite Resort, a 135-key outdoor-inspired, lifestyle select-service hotel. 

“The sprawling site provides ample opportunity to create a differentiated product for the lifestyle traveler,” said Matt Mering, EVP of hospitality at Waterton. “It’s an exciting opportunity to acquire a development site with an existing hotel asset that will benefit from a renovation that will expand the key count and add a variety of curated amenity options.” 

Simultaneously, Bayview PACE said it furnished a $19.8-million Commercial PACE financing for the project. “We are excited to provide C-PACE financing that can support the business objectives of great project sponsors like Waterton and Argosy,” said Jason Clouet of Coral Gables, FL-based Bayview PACE 


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About Paul Bubny

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 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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  • ◦Financing