DAVIS, CA—Cushman & Wakefield's Global Hospitality Group has represented Presidio Companies in the leasehold sale of the newly-expanded Hyatt Place UC Davis Hotel.
The hotel is located at 173 Old Davis Road. The recently constructed 127-room property is the only hotel located directly on the campus of the university, providing tremendous barriers to entry and is situated directly adjacent to the new state-of-the-art UC Davis Conference Center, a strong source of group demand for the property, as well as the new Graduate School of Management, the Mondavi Center, The Robert Mondavi Institute for Food & Wine Science and the future Manetti Shrem Museum of Art.
The original 75 rooms of the property were built in 2010, while the remaining 52-room expansion was completed in the spring of 2014. The hotel also features approximately 2,500 square feet of indoor/outdoor meeting space, a 24-hour fitness center and café as well as an outdoor pool and spa.
Presidio Companies is a privately owned real estate investment and development firm based in Northern California. Since 2000, Presidio Companies has completed over $525 million of hotel and commercial real estate transactions in markets throughout the United States, including Hawaii.
Cushman & Wakefield's James Escarzega and Steve Michels represented Presidio in the transaction.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
