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 Makar Properties Acquires the 1,572-room Hilton Anaheim Hotel in
Orange County, California; Plans Full Renovation, Repositioning
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NEWPORT BEACH, Calif. - April 4, 2007 - Makar Properties, LLC, has announced that an affiliated joint venture acquired the 1,572-room Hilton Anaheim Hotel in Orange County, California, for an undisclosed amount. 

As the largest hotel in Orange County by room count, with award-winning facilities and an experienced staff, the Hilton is widely recognized as Anaheim’s premier convention and resort facility. 

Makar will begin to reposition the property with plans for full renovation of the guestrooms, ballrooms, meeting rooms and all public areas. Linda Snyder Associates, Inc will spearhead the interior design of the guestrooms and corridors and Creative Resource Associates will design the interior of the public spaces. 

“We are excited about the acquisition and upcoming renovation of the Hilton Anaheim Hotel,” states Paul Makarechian, president and CEO of Makar Properties. “The property is already a landmark in Orange County as a popular business and leisure destination. Updating the property will elevate the hotel to a new level of quality and sophistication so that it can compete more effectively with other nationally recognized conference and convention hotels.” 

Located at 777 West Convention Way, adjacent to the Anaheim Convention Center, the 14-story hotel offers 107,000 square feet of meeting space; six on-site food and beverage facilities; 14,000 square feet of retail space; a 25,000 square-foot health club with basketball court, indoor pool and whirlpool; roof-top pool area with outdoor pool and four outdoor whirlpools; a full service business center; Disneyland shuttle; concierge and florist. The property was originally constructed in 1984 and previously renovated in 1996/1997. 

About Makar Properties 

Headquartered in Newport Beach, California, Makar Properties, LLC is an innovative diversified real estate development company that specializes in the acquisition and development of innovative master-planned communities and mixed-use, resort, retail, golf, office and residential properties in premier locations and high-growth markets. Devoted to community and investor needs, Makar aims to craft distinctive lifestyle experiences for each resident or guest while considering the integration of each project with its community and ultimately, delivering superior returns. Makar Properties, LLC has over $1 billion in assets representing an estimated build-out value of over $10 billion. 

Makar is best recognized for developing lifestyle communities that combine luxurious, uniquely located hotel properties with upscale residential collections to create destination resort living. Among its current projects in development are Pacific City, a cool, surfside community including a boutique hotel with approximately 196 rooms, cutting-edge retail and luxury residential in Huntington Beach, CA; La Jolla Commons, a new sophisticated urban commercial center encompassing a boutique hotel with approximately 192 rooms, residential units and office space in three prominent towers in La Jolla, CA; and Ritz Plaza Hotel & Residence Club, a unique venture preserving the historic 132-room art deco Ritz Plaza Hotel, while adding chic modern touches through the design influence of Philippe Starck, and constructing a residential club in South Beach, Miami, FL. One of Makar’s landmark developments is the St. Regis, Monarch Beach, a 172-acre luxury costal resort in Dana Point featuring 400 rooms and suites completed in 2001. 

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Contact:

Makar Properties
http://www.makarproperties.com/

BWR Public Relations
310-550-7776
Kelly Striewski
kstriewski@bwr-la.com
 

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Also See: GM Seamus McManus and owner, Paul Makarechian Open the $240 million Tuscan-inspired St. Regis Monarch Beach Resort & Spa / Aug 2001
Makar Properties Completes Renovation of the 238 room Wyndham Orange County / August 2006
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