Ascendant Capital Partners and Centerbridge Partners Acquire Monterey Tides Hotel

Ascendant Capital Partners | January 10, 2022

LOS ANGELES, CA – January 10, 2022 – Ascendant Capital Partners, a vertically integrated real estate investment and operating platform, in partnership with Centerbridge Partners today announced that they have acquired Monterey Tides, a 196-room waterfront boutique hotel in Monterey, California, from Southwest Value Partners. Monterey Tides, located on Sand Dunes Drive, is Monterey’s only hotel with a privately owned beachfront, spanning almost 600 linear feet. The hotel features well-appointed guestrooms and a range of amenities including restaurants and bars, a heated outdoor pool and hot tub, 9,000 square feet of ocean-view meeting ...