Paradise Point Resort and Spa is a luxury hotel located on a private island in Mission Bay, San Diego. It is known for its stunning waterfront views and world-class amenities.
But have you ever wondered who owns this beautiful resort? In this article, we will delve into the ownership of Paradise Point Resort and Spa.
History of Paradise Point Resort and Spa
Before we dive into the current ownership of the resort, let’s take a quick look at its history. The resort was first opened in 1962 as Vacation Village, which was a small collection of bungalows on the island. Over time, it expanded to become a full-fledged hotel with multiple restaurants, a spa, and many other amenities.
In 1988, Paradise Point Resort and Spa was acquired by Destination Hotels, which is now known as Destination by Hyatt. This company owns and manages over 30 hotels across the United States.
Who Owns Paradise Point Resort and Spa Today?
As mentioned earlier, Paradise Point Resort and Spa is now owned by Destination by Hyatt. However, it’s important to note that Hyatt Hotels Corporation is not the actual owner of the property. Instead, they manage it on behalf of an investment group led by Lowe Enterprises.
Lowe Enterprises is a real estate investment firm that specializes in hospitality properties. They own several other hotels across the United States and have been involved in many large-scale real estate development projects.
The Role of Hyatt Hotels Corporation
While Lowe Enterprises is the primary owner of Paradise Point Resort and Spa, Hyatt Hotels Corporation plays an important role in managing the property. They are responsible for overseeing all aspects of hotel operations including staffing, marketing, sales, reservations, and guest services.
Hyatt also provides access to their loyalty program for guests staying at Paradise Point Resort and Spa. This allows guests to earn points and redeem rewards at other Hyatt properties around the world.
Conclusion
In conclusion, Paradise Point Resort and Spa is owned by an investment group led by Lowe Enterprises and managed by Destination by Hyatt. This collaborative effort has allowed for the resort to maintain its high standards of service and luxury, while also providing guests with access to a global network of hotels through the Hyatt loyalty program.