More than $200 million in new properties/renovations in Monterey
With more than $200 million in new properties and hotel renovations planned for Monterey County in California, the area is undergoing the most significant surge of improvements in its history.
“Monterey County is in the midst of a renaissance,” according to John McMahon, president and CEO of the Monterey County Convention & Visitors Bureau. He added:
“We’re about to see an increase of more than 1,000 rooms to our hotel inventory. This is the largest amount of capital invested in this destination in some time, and clearly, it’s the largest growth in new properties we’ve seen in two decades.”
Fairmont Hotels and Resorts will break ground later this year on a $100+ million luxury mixed-use resort property north of Monterey in the Central Coast city of Seaside. The property will include a 330-room hotel, 24,000 square feet of meeting space, a 14,000-square foot Willow Stream spa, dining outlets, an outdoor pool and a residential component.
The property also includes the existing championship Bayonet and Black Horse golf course facility. The resort and two 18-hole courses are situated on a 440-acre site overlooking the Monterey Bay. Seaside Resort Development, LLC is developing the project.
The Cannery Row Company broke ground in last summer on a $70 million luxury beachfront property, representing the newest waterfront hotel on California’s Central Cost in 20 years. The property will feature 208 luxury rooms, 10,200 square feet of meeting space, 18,500 square feet of high-end retail, an on-site spa, and a 95-seat restaurant.
The Hyatt Regency Monterey began a $40 million three-phase renovation late last year. Renovations include all of the property’s 575 guestrooms, 32 suites, President’s House, lobby and front desk area, restaurant and exterior landscaping of the 22-acre property.
Additional projects in the pipeline include a 98-room mid-range hotel on Del Monte Avenue across from Roberts Lake in Seaside, a boutique hotel in Seaside at the former Fort Ord’s Main Gate development, a 75-room Holiday Inn Express on Kern Street in Salinas, and two hotels (one 100-room property and one 400-room property) off Imjin Parkway in Marina.
The majority of renovations and new property developments are expected to be completed before the 2010 U.S. Open at the Pebble Beach Golf Links.
Report by David Wilkening
David
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