Ohana Real Estate Investors Acquires Hyatt Regency Lost Pines in Texas
Summary
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ohana Real Estate Investors (“Ohana”), a vertically integrated investment firm focused exclusively on full-service hotels, announced today that it has acquired the Hyatt Regency Lost Pines Resort & Spa, a 491-key resort located near Austin, TX, from an affiliate of Hyatt Hotels Corporation. This strategic transaction marks Ohana’s second Texas acquisition this month, as it recently purchased the La Cantera Resort & Spa in San Antonio. The award-winning resort features more than 36,000 square feet of indoor meeting space and over 276,000 square feet of outdoor function space with pavilions and an amphitheater, as well as the Wolfdancer Golf Club, Spa Django, Crooked River Water Park, and the Renegade Trailhead equestrian facility. The firm intends to continue buying controlling stakes in full-service hotels and resorts, which have historically experienced more pronounced declines during demand shocks but have enjoyed strong rebounds following recessions. Ohana Real Estate Investors is a vertically integrated investment firm focused exclusively on full-service hotels.