Investor Finds Hospitable Climate in Del Mar
Southern California’s hospitality market is recording substantial improvement. After a great 2014, this year started off with solid performances, spurring investors toward any available deals. Looking to make a successful investment play on its home court is investment company Southwest Value Partners.
By Alex Girda, Associate Editor
After a great 2014, Southern California’s hospitality market is off to another strong start. Looking to make a successful investment play on its home court is Southwest Value Partners, which recently acquired the DoubleTree San Diego Del Mar, a 224-key property located in the Del Mar Heights submarket. Bob Kaplan and Rod Apodaca, both senior vice presidents with CBRE Hotels, represented the seller, an affiliate of Fillmore Capital.
DoubleTree San Diego Del Mar
Only three years after the property’s most recent renovation, the new owner plans to improvements in order to continue providing upscale guest services. Completed in 1991, the facility offers access to I-5 and State Route 56.
In a statement, Southwest Value Partners said that Dimension Development Co. will stay on to operate the property under the DoubleTree by Hilton brand.
Image courtesy of doubletreesandiegodelmar.com
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