In November of 2013, StonePark Capital acquired two separate lots on Monterey Street in San Luis Obispo, CA totaling just under two acres, including the existing “1865 Restaurant”. StonePark engaged a renowned local architecture firm in Garcia Architecture and Design, and began the entitlement and development process. Due to the unusual topography and layout of the undeveloped land, the team had to come up with a creative design to accommodate 102 guest rooms and associated parking.
The result was a gorgeous modern hotel design that included 102 guest rooms, rooftop pool and spa, a subterranean parking facility, meeting room, workout facility, and other additional common areas. Additionally, the project would end up renovating the entire 5,500 sq/ft restaurant and partnering with a new tenant that transformed the space into the “1865 Craft House & Kitchen”.