BEVERLY HILLS, CA— African American-owned Integrated Capital, LLC has acquired the 258-room Doubletree Hotel Modesto and the 262-room Doubletree Hotel Bakersfield from Hilton Hotels Corp. for approximately $40 million. Both properties will continue to be operated and managed by Hilton. The properties will undergo multi-million dollar renovations, including a complete rooms remodel replacing all case goods, soft goods, art, updating bathrooms, and providing high-speed Internet access to each guestroom. In The renovations also will update corridors with new carpeting, wall vinyl and light sconces. Integrated Capital, LLC is a real estate private equity group with a focus on acquisition, development and operations of hotel assets
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