New Hyatt Place Opens in Vista-Carlsbad; NBTK Holdings LP Expands Office Portfolio

By Gabriel Circiog, Associate Editor

Hyatt Hotels Corporation announced the opening of Hyatt Place San Diego/Vista-Carlsbad. The new 150-room hotel is the first Hyatt Place hotel in the Vista-Carlsbad area and the seventh hotel for Hyatt in the San Diego area.

Located at 2645 South Melrose Drive, the hotel is targeting business as well as leisure travelers. It is closely located to McClellan-Palomar Airport, major business parks, restaurants, luxury golf courses, Carlsbad Premium Outlet Mall, Legoland California and San Diego Zoo’s Safari Park.

Wes Lavender, general manager of Hyatt Place San Diego/Vista-Carlsbad, said the hotel was designed for “a lifestyle, not a demographic, and as a result, we are confident that everyone from business travelers to beachgoers will appreciate the open, intuitive design, casual atmosphere and practical amenities.”

Amenities will include free wi-fi access throughout the hotel, over 1,000 square feet of high-tech meeting space and a 24/7 guest kitchen.

In the office segment of the market, the most recent transaction took place in Mission Valley where NBTK Holdings LP acquired a 26,700-square-foot office building, rentv.com reports. Located at 1843 Hotel Circle So., the three-story building is east of I-5 and adjacent to I-8. The building is fully leased and occupied by a defense contractor, TASC. The company moved into the building in 1997 and occupied 65 percent before recently expanding into the remaining space. The company is now owned by KKR investment firm.

Chuck Wasker and Mark McEwen of Colliers International represented the buyer and the seller, Marcopoulos Venture Fund III. Jeff Ryan of Ryan Real Estate Advisory and Mike Paeske with CFI assisted in the transaction.

Photo Courtesy of: www.hyatt.com