Marriott International & Starwood Hotels and Resorts – Acquisition of Westin Monache, Mammoth Lakes, CA
As you may or may not have heard, on November 17, 2015, Marriott International began the process of purchasing Starwood Hotels and Resorts. Part of this acquisition includes the popular Westin Monache resort condo hotel in Mammoth Lakes. I only learned of this yesterday when a client who owns a condo at the Westin Monache advised that this was in process. The combination of these two hospitality companies will create the largest hotel company in the world.
The Westin Monache management advised owners and Starwood Preferred Guests that they would continue to adhere to the franchise agreement signed in 2007. This would imply that there wouldn’t be any changes to the brand, but this will be confirmed at a later date. The Westin also plans to do some updating and renovating to the main lobby area and the common areas of the Westin Monache building in the near future.
The Marriott draws a large International crowd of business and recreational guests. I personally view this change as a positive, which could possibly draw more rental guests to the existing Westin Monache condo hotel, in Mammoth. Here is an interesting article regarding possible ...
As of today, January 26, 2016, the Mammoth Lakes real estate market has a total of 54 homes, 141 condos, and 44 vacant land listings on the market. The series of snowstorms, which started late November through present, have made the skiing/riding conditions excellent. As a result, the Town of Mammoth Lakes has enjoyed some of the highest tourism numbers we’ve seen in years (during the winter season), which is great for the local economy. We have 