September 14, 2010
Chris Collins, son of Harry Collins, confirmed that there is an impending purchase but it has yet to be finalized.
“The hotel has been in our family for 65 years, and while we’re sad to see it be sold, we’re looking forward to the new ownership taking it to the next level,” Collins said. “They have opportunity to make it more spectacular than it is, and we’re hoping that they’ll be successful.”
Partly influencing the decision to sell both La Valencia and Rancho Valencia was a polo accident Harry Collins had a few years ago that had not allowed the family patriarch to be “intimately involved in all the details,” Chris Collins said.
Pacifica Hotels, which is the hotel ownership and management arm of Pacifica Companies, has a portfolio of more than 30 properties in several states, including nine in San Diego County, but none of the caliber of La Valencia. If Pacifica were to acquire the La Jolla icon, it would mark a major milestone for a company not known for luxury properties.
“This begins the process of putting Pacifica in the big league of hotel acquisitions, because it’s historic, highly regarded, and one of the very few first class hotels on the Pacific Ocean,” said Rauch. It really is an irreplaceable trophy asset.
Among the San Diego hotels owned and managed by Pacifica are the Pacific Shores Inn in Pacific Beach, the Holiday Inn Express in La Jolla and the Best Western Stratford Inn in Del Mar.
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Lori Weisberg, Staff Writer
San Diego Union-Tribune
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