TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) announced today that the company recently completed a $14 million renovation and repositioning of its DoubleTree Fess Parker hotel, including a rebrand to the Hilton Santa Barbara Beachfront Resort. The hotel is owned in a 50-50 joint venture along with its partner, the Fess Parker family.
The comprehensive renovation entailed a remodel of the hotel’s 360 guestrooms including all new case goods, floor and wall coverings, as well as a bathroom remodel including converting bathtubs to showers in the King bedded rooms. In addition, the scope included a full renovation of the hotel’s 40,000 square feet of meeting space, while further enhancing the arrival experience with entirely new flooring, soft seating and case goods throughout the lobby, in addition to new front-desk pods.
“We are thrilled with the enhancements made to this iconic hotel, and the up-branding should help to solidify the hotel’s position as one of the preeminent resorts and meeting platforms in Santa Barbara. The renovations and repositioning were designed to meet the needs of today’s business and leisure travelers while paying respect to the resort’s rich history, stunning location and the unique culture of Santa Barbara,” said Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park Hotels & Resorts.
“The resort may have a new look and a new name, but will continue to provide the same first-class visitor experience that has made both locals and travelers feel at home for several decades,” said Eli and Ashley Parker, son and daughter of Fess Parker.
About Park Hotels & Resorts
Park Hotels & Resorts Inc. (NYSE: PK) is the second largest publicly traded lodging real estate investment trust with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 55 premium-branded hotels and resorts with over 32,000 rooms located in prime U.S. and international markets with high barriers to entry. For additional information, please visit Park's website at www.pkhotelsandresorts.com.
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