ANAHEIM, CA – (January 20, 2020) – The iconic Sheraton Park Hotel at the Anaheim Resort has been acquired by Taconic Capital Advisors L.P.(“Taconic Capital”). Located adjacent to the top attractions, entertainment and convention facilities in Anaheim, The Sheraton Park Hotel at Anaheim Resort (located at 1855 S. Harbor Blvd.) looks forward to the next era of sharing the memorable Anaheim experience with guests and the community. Taconic Capital plans to reinvest in the hotel, with a full-scale transformation and fresh perspective of the new Sheraton brand. Aimbridge Hospitality, recently merged with Interstate Hotels & Resorts, operates the Sheraton Park Hotel at the Anaheim Resort.
“We are proud to take ownership of this great hotel,” said Eric Sitman of Taconic Capital. “The hotel's leadership team has operated with incredible attention to service and hospitality over the years. We are delighted to continue that same sense of community spirit, investing back into the hotel and in its future.”
“Planning and design will be the focus of the team through 2020,” explains Sheraton Park Hotel General Manager, Ian Gee: “We’re excited to be working with a committed and visionary owner to take us to the next level of hospitality. The property boasts a fantastic location - walking distance to Disneyland and next to the Anaheim Convention Center - along with our unique ability to delight our guests and meet the needs of groups and vacation travelers.
We remain dedicated to offering exceptional service and innovative experiences for our meeting clients and travelers exploring the Anaheim resort area."
The Sheraton Park Hotel at Anaheim Resort offers:
- 490 guest rooms, including 10 suites
- 20,000 sq. ft. of meeting space, including 2,100 sq. ft. Tiffany Terrace
- 10,000 square feet of outdoor patio and event lawn with Wedding Gazeb
- ‘[email protected]’ – a three meal restaurant and ‘SIP Lobby Bar & Kitchen
- Resort-like landscaped grounds, including pool and Jacuzzi with ‘Splash Bar & Bites
- Location on the ‘Anaheim Campus’, adjacent to Anaheim Convention Center and one block from Disneyland
Taconic Capital Advisors, L.P.
Taconic Capital Advisors L.P. is a global institutional investment firm founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody. Taconic pursues an event-driven, multi-strategy investment approach dedicated to generating strong risk-adjusted returns with an emphasis on capital preservation. The firm has offices in New York, London and Hong Kong with over 39 investment professionals, including 9 investing principals who average 14 years of investment experience at Taconic and 76 business function professionals across legal/compliance, finance, operations, technology investor relations.
Taconic’s commercial real estate business is managed by James Jordan and Jon Jachman, who both focus on sourcing value-add opportunities through non-traditional, off-market processes. Leveraging its diverse network of relationships with CMBS special servicers, lenders, and local operating partners, Taconic seeks to generate attractive risk-adjusted returns through the strategic repositioning and re-introduction of well-located real estate assets.
About Sheraton Hotels & Resorts
Sheraton Hotels & Resorts, part of Marriott International, Inc., makes it easy for guests to explore, relax and enjoy the possibilities of travel at nearly 450 hotels in over 70 countries and territories around the world. Sheraton continues to enhance the brand through innovative guest experience, differentiating design, multi-channel marketing and a sharp focus on service. To learn more, visit www.sheraton.com. Stay connected to Sheraton on Facebook, and @sheratonhotels on Twitter and Instagram. Sheraton is proud to participate in Marriott Bonvoy, the new name of Marriott’s travel program replacing Marriott Rewards®, The Ritz- Carlton Rewards®, and Starwood Preferred Guest® (SPG). The program offers members an extraordinary portfolio of global brands, experiences on Marriott Bonvoy Moments and unparalleled benefits including earning points toward free hotel stays and nights toward Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.marriott.com.