SANTA MONICA, California—Frequent Thread Accommodations and its affiliate, PRG Funding & Administration, introduced the acquisition of Lodge Joaquin, a luxurious boutique resort in Laguna Seaside, California. This acquisition marks Frequent Thread’s tenth resort in its portfolio, along with an eleventh in pre-development in downtown Paso Robles.
Lodge Joaquin accomplished an in depth redesign led by inside designer, Robert McKinley, in 2019. The resort, which has 22 guestrooms together with a bar and saltwater pool, is a two-minute stroll from the world’s Shaw’s Cove.
Statements From Management
“We now have actually admired Lodge Joaquin for a number of years and consider the prior homeowners did an distinctive job with their redesign of the property,” mentioned Britten Shuford, co-founder and managing accomplice at Frequent Thread Accommodations. “Lodge Joaquin is an ideal complement to our current portfolio, together with Casa Laguna Lodge & Spa in Laguna Seaside, which we reopened after an in depth renovation and repositioning in 2015. With Lodge Joaquin, we’re lucky that the property requires no renovation, permitting us to start specializing in operations instantly and construct on the sturdy basis already in place.”
“With our eleventh acquisition, we proceed to execute our confirmed technique of investing in high-quality, design-driven boutique motels in irreplaceable areas throughout California,” mentioned David Dittmer, co-founder and managing accomplice at Frequent Thread Accommodations. “We’re sturdy believers within the Laguna Seaside lodging market, which we view as one of many premier leisure locations in the US.”
“We’re pleased with what we constructed with Lodge Joaquin and are happy to see it transition to Frequent Thread Accommodations to steer its subsequent chapter. Trying forward, Auric Street stays targeted on historic resorts, ranches, and wellness experiences throughout the US,” mentioned Paul Makarechian, chief govt officer, Auric Street.
