Toll House Hotel Los Gatos Joins Tapestry Collection by Hilton

Peregrine Hospitality announced a new 115-room boutique hotel in downtown Los Gatos, positioned for Santa Cruz Mountains scenery with Silicon Valley access through Hilton’s collection of independent hotels. The release provides location/brand and capacity details but no financial metrics (revenue, ADR, occupancy, or guidance). Overall impact is likely limited and near-term price-moving effect is minimal.