Evolution Hospitality to Manage 2 San Diego HotelsMonday, October 8, 2012
Newport Beach-based hotel management and investment company Evolution Hospitality has added two San Diego hotels to its management portfolio.
Evolution received the management contracts for the 176-room Courtyard and 123-room Fairfield Inn & Suites in San Diego’s Old Town historic district.
Evolution Hospitality currently manages 17 properties, including the Queen Mary in Long Beach and the Hard Rock Hotel San Diego.
The company was launched following the restructuring of Newport Beach-based Tarsadia Hotels, which split into three separate businesses in January of last year. Tarsadia Investments LLC and T2 Development LLC were also created out of the restructuring.
Evolution is an equity partner in a 159-room Courtyard by Marriott near Long Beach Airport, which it is developing with Santa Ana-based Nexus Cos. The hotel is slated for completion next year.