Monterey Beach Hotel, a Marriott Tribute Portfolio hotel

Highgate-managed Monterey Beach Hotel, is Now Open Following a Complete Transformation

Ascendant Capital Partners, a leading real estate investment and operating company, together with global hotel management firm Highgate and global investment manager Centerbridge Partners, debuts Monterey Beach Hotel, a Marriott Tribute Portfolio hotel, which re-opens today after a significant renovation and rebranding effort worthy of its iconic stature. The only beachfront hotel along the Monterey Peninsula, the property embraces the region's natural beauty and cultural richness, with 192 guest rooms including four suites, versatile meeting and events spaces, reinvented culinary venues, and more.

Monterey Beach Hotel is located moments away from downtown Monterey and directly along the iconic Highway 1. An anchor of Monterey hospitality, the property collaborates with local artisans and personalities to infuse the entire guest experience with enriching moments of local culture. Spearheading the hotel's design transformation is LA-based Indidesign, with project management by LUCID, Highgate's in-house Design & Construction Studio. Indidesign encapsulated quintessential California living through its curation of bespoke furnishings and integration of natural materials to foster a seamless indoor-outdoor flow, showcasing the spectacular ocean views upon arrival.

Monterey Beach Hotel's three distinct culinary and cocktail venues - Lobby Lounge, The Lantern Room, and Tidewater - offer unique, chef-driven interpretations of central California coast flavors. With direction from Resident Culinary Advisor Paul Corsentino, execution by longtime Executive Chef Jose Velasquez, and an elevated wine program in partnership with local winemaker Ian Brand of I. Brand & Family winery, guests can savor the best of Monterey County, from all-day dining to twilight cocktails at Tidewater's beachside venue. The food and beverage offerings celebrate the hotel's commitment to community through many local purveyor partnerships and sustainable, organic practices.

The hotel features top-tier amenities that extend beyond its private beach and once-in-a-coastline views. From a heated outdoor pool and hot tub, to Scandinavian-inspired contrast therapy with barrel saunas and ice baths (debuting this fall) and complementary e-bikes, Monterey Beach Hotel is a haven for wellness aficionados and outdoor enthusiasts alike. With over 7,500 sq. ft. of versatile meeting and event space and 32,500 sq. ft. of private beach access, Monterey Beach Hotel caters to various occasions, from beachside weddings and large-scale corporate gatherings to hotel buyouts and intimate executive retreats.

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Tribute Portfolio is a growing global family of characterful, independent hotels drawn together by their passion for captivating design and their drive to create vibrant social scenes for guests and locals alike. With nearly 50 hotels open around the world, Tribute Portfolio has struck a chord with those who seek out independent experiences and crave a connection with the community when traveling.

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.

Highgate is a leading global real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the largest owner and operator of hotels in New York City and the dominant player in major U.S. gateway cities including Boston, Miami, San Francisco and Honolulu, with a growing footprint in Europe, the Caribbean and Latin America.