The Ascott Limited, is investing S$81.5 million to acquire and refurbish The Domain Hotel, a freehold hotel in Silicon Valley, California, to capture the fast-growing demand from global technology companies and multinational corporations.
The 136-unit hotel will continue to operate as it undergoes refurbishment in phases before being rebranded to Citadines Cupertino Sunnyvale in 4Q 2018. This will be Ascott’s second Citadines-branded property in the U.S., following its acquisition of Hotel Central Fifth Avenue New York in May. The latter will be renovated and rebranded to Citadines Fifth Avenue New York in 2018. The property is Ascott’s fourth acquisition in the U.S. within five months. Ascott has more than tripled last year’s portfolio to over 2,900 units in the country.
The Domain Hotel is situated along Sunnyvale’s primary thoroughfare, El Camino Real, that leads to San Francisco City and San Jose. The property is surrounded by numerous renowned corporations and startups including Apple’s new US$5 billion headquarter campus, which will accommodate more than 12,000 employees, Google, Amazon, Adobe, Intel, Netflix, Nvidia, PayPal and Telsa Motors.
The property attracts a good mix of both corporate and leisure travellers. Guests can enjoy convenience as the hotel is near San Jose McEnery and Santa Clara convention centres, and attractions such as Happy Hollow Park & Zoo, The Tech Museum of Innovation, and The Computer History Museum. A range of retail, dining and entertainment outlets can also be found at Santana Row, Westfield Valley Fair and Levi's® Stadium. Tertiary institutions in the vicinity include Stanford University, Santa Clara University and San Jose State University.
The Domain Hotel has a range of deluxe rooms as well as suites that provide separate living, dining and work areas. Some units also come with private balconies. Facilities include an outdoor heated pool, whirlpool with cabanas, bar, restaurant, fitness centre, 24-hour business centre, meeting rooms, grab-and-go food and beverage counter, as well as complimentary highspeed Wi-Fi, parking and shuttle service to companies.