Blackstone Real Estate has announced a $160 million restoration and revitalization of San Diego's historic Hotel del Coronado.
Blackstone said the renovation, which is scheduled to be completed in 2025, is the final phase of the firm's $550 million development plan for the 134-year-old resort, which sits on the southern end of San Diego's Coronado peninsula.
"Since our more than $550 million investment plan began in 2018, we have worked diligently to preserve The Del as a National Historic Landmark while cementing the property's status as an iconic and timeless destination for generations to come," Rob Harper, head of real estate asset management Americas at Blackstone, said in a statement.
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