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In 2010, a majority stake of Joie de Vivre was purchased by Geolo Capital, the private equity firm founded by Hyatt Hotels heir John Pritzker.A $150 million fund to acquire additional hotels was established as part of the deal, with plans to acquire $300 million to $500 million in hotels over a three-to-five-year period. [3]
Vi Senior Living, formerly known as Classic Residence by Hyatt, was founded in 1987 by Penny Pritzker. [3] [4] The Pritzker family background in founding the Hyatt hotel chain and Marmon Group inspired Penny Pritzker's vision to bring high-end hospitality to senior living communities across the United States.
The development of Ramona Street, named after the 1884 novel Ramona, [2] was an early successful attempt to expand laterally the central commercial district. Pedro Joseph de Lemos, a craftsman, graphic artist and curator of the Stanford Museum had been concerned with the larger scale and somewhat linear development along University Avenue.
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The original hotel was designed by architect Melvin Grossman (1914–2003), who had worked primarily in Miami. The design of Caesars borrowed heavily from his earlier Cabaña Hotel (1962) in Palo Alto.
Graduate Hotels was founded in 2014 by Nashville-based real estate investor Ben Weprin and his firm, AJ Capital Partners. [5] The company launched the Graduate Hotels brand by acquiring and remodeling hotels in university-anchored towns across the country. [6] The first hotel opened in Athens, Georgia in 2014, centered around the University of ...
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