CBRE Hotels Arranges the Sale of the Hilton Garden Inn in Rancho Mirage, California

​Rancho Mirage, CA – September 30, 2013 – CBRE Hotels is pleased to announce that Treasure Mountain Holdings LLC, a consortium of American and Chinese investors, has successfully acquired the 120-room Hilton Garden Inn located on Highway 111 – the market’s main commercial route – in the prestigious Coachella Valley community of Rancho Mirage. The sales price was not disclosed.

Built in 2002 and situated on over 3.3 acres, the hotel is just a short walking distance to The River in Rancho Mirage, a 245,000 square foot open-air lifestyle center offering upscale retail, dining and entertainment.

The property was widely marketed by CBRE Hotels and garnered heavy interest due to its prime Rancho Mirage location, Hilton brand and quality of construction.

Rod Apodaca and Bob Kaplan of the Newport Beach office of CBRE Hotels represented the seller, HAS Holdings LLC, an affiliate of J Street Hospitality, Inc.


CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com


About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.