Hotel Online  Special Report



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Colliers International Hotels Arranges Two Sales

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Irvine, CA  - March 28, 2005 -- Colliers International Hotels today  announced they have arranged the sale of 2.1 acres of land in the Anaheim Resort District to be developed as a vacation ownership resort, and the sale of the Hilton San Diego Mission Valley. 

The Anaheim Resort land was sold to Trendwest Resorts.  The parcel is located at 201 W. Katella Ave. and is part of the Hotel Circle Specific Plan.  The seller was Mantra, LLC.  Trendwest has obtained approvals to develop a 14-story, 255 unit vacation resort on the property.
 

The Hilton San Diego Mission Valley was sold to HEI Hospitality Fund Acquisition, LLC.  The seller was Mission Valley Associates who developed the property in 1987.  The 351 room, 13-story full service hotel originally opened as a Doubletree and was later converted to a Hilton Hotel in 1992.  The property has 421 parking spaces, 20,000 square feet of meeting space, a 3-meal restaurant and sports bar.

The sales were arranged by Colliers International Hotelís newly opened southern California office in Irvine and their San Francisco office. 
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The Hilton San Diego Mission Valley
Colliers International Hotels provides hospitality brokerage services as part of the worldwide Colliers International organization encompassing 247 offices in 50 countries.  Colliers International provides a full range of services to commercial real estate users, owners and investors around the globe, with annual revenues of more than US$1 billion and more than US$27 billion in annual transaction value. 
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Contact:

Bob Eaton 
Exec. Managing Director
(415) 288-7860
bob.eaton@colliers.com

Mark McDermott
Vice President
(415) 288-7815
mark.mcdermott@colliers.com

Bob Kaplan
Sr. Vice President
(949) 724-5593
bob.kaplan@colliers.com


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