In 2015, Hilton bought the iconic Hotel Del Coronado in San Diego for a whopping $6.5 billion dollars. This marked one of the largest hospitality deals of that year and only further bolstered Hilton's expansive portfolio. The hotel had been owned by Blackstone Group since 2006, having purchased it from KSL Resorts which acquired it from its original owners back in 2003. As part of this deal, Hilton committed to preserving the classic Victorian architecture and design elements of the hotel as well as continuing many of its popular traditions such as Thanksgiving Day dinners and holiday decorations throughout the property each season. The purchase also included a nearby shopping center called Tent City which was added to boost revenue opportunities for both Hilton and local businesses alike.