Thayer Lodging Group and Metlife announced the joint acquisition of the 365-room Hilton Los Cabos Beach & Golf Resort, located in Cabo San Lucas, Mexico, from Oasis Cabo LLC for an undisclosed sum.
This is the first acquisition for Thayer outside the U.S. In July, MetLife and Thayer announced their acquisition of the 336-room Ritz-Carlton San Francisco from Host Hotels and Resorts. MetLife is the majority investor in the joint venture with Thayer Fund VI.
“We are happy to partner with MetLife to add this outstanding hotel to the Thayer Hotel Investors VI portfolio. Its combination of current high yield and forecasted appreciation make it an excellent investment,” said Lee Pillsbury, co-chairman and CEO of Thayer Lodging Group.
