Peregrine Hospitality acquires two Northern California hotels

Peregrine Hospitality's estimated $120 million acquisition of The Lodge at Tiburon and Toll House Hotel immediately expands its luxury boutique portfolio. This strategic move, announced on 2026-03-02, secures two operating hospitality assets in high-barrier-to-entry markets within Northern California. The Lodge at Tiburon, located in Tiburon, and the Toll House Hotel, situated in Los Gatos, provide Peregrine with established revenue streams. This acquisition allows the Chicago-based firm to capitalize on existing luxury demand rather than undertaking new development projects. The valuation for these two distinct properties suggests a premium for their established market presence and luxury branding in affluent US communities. Peregrine Hospitality Group, a full-service hotel management and development company, directly aligns this acquisition with its specialization in managing and asset managing hotel properties. By adding The Lodge at Tiburon and Toll House Hotel to its holdings, Peregrine enhances its operational footprint in the USA. This transaction demonstrates Peregrine Hospitality's commitment to growing its portfolio of operating assets. The deal leverages Peregrine's expertise in hotel property management, integrating these Northern California hotels into its broader operational framework.