By Alex Girda, Associate Editor
The Golden Door Spa, a Japanese-themed luxury resort in San Marcos, has traded for $24.8 million, according to Holiday Fenoglio Fowler, which arranged the sale to an undisclosed buyer. HFF’s team was led by senior managing directors Dan Peek and Bill Stadler, and also included managing director Scott Hall and Alexandra Lalos, an analyst with the firm.
Located a 40-minute drive from downtown San Diego, the Golden Door Spa opened in 1958 and was rebuilt in 1975. Its facilities include fitness centers, a tennis court, swimming pool, Jacuzzi, water therapy pool, Japanese bathhouse, archery range and about 20 miles of hiking trails.
Also on the grounds are a 122-acre avocado orchard and organic vegetable and fruit gardens. In addition, the new owner has also acquired the Golden Door brand, and retains the right to expand the property.
According to HFF, Golden Door Spa represents “one of the most well-known destination spa resorts and wellness brands in the world.” The property’s redevelopment and expansion opportunities, as well as its familiar brand, proved attractive to investors, explained Peek.
Image courtesy of spafinder.org