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Lowe Enterprises Places the Seven-year-old, 210-room Estancia La Jolla Hotel and Spa,
Located Adjacent to UC San Diego Campus up for Sale


By Lori Weisberg, The San Diego Union-Tribune
June 3, 2011

The seven-year-old, 210-room Estancia La Jolla Hotel and Spa, located adjacent to UC San Diego, has been put up for sale.

The owner, Los Angeles-based Lowe Enterprises, is not saying why it's marketing the property nor did it divulge an asking price, but an online real estate publication estimates the luxury property could fetch more than $60 million.

The hotel and conference center, which sits on a nine-acre site known at one time as the Black Family La Jolla Stables, was developed at a cost of $70 million. The Real Estate Alert newsletter estimates that the property could sell for $63 million.

The 210-room Estancia Hotel in La Jolla opened in the summer of 2004. — Lowe Enterprises
Located on North Torrey Pines Drive, the Spanish-style hotel includes an 8,000-square-foot spa, more than 21,000 square feet of meeting space and three restaurants. The resort is managed by Destination Hotels & Resorts, a subsidiary of Lowe Enterprises.

For the rest of the story please visit:
http://www.signonsandiego.com/news/2011/jun/02/luxury-la-jolla-hotel-up-for-sale/


Contact:

Lori Weisberg, Staff Writer
San Diego Union-Tribune
350 Camino de la Reina
San Diego, CA  92102
619-293-2251
lori.weisberg@uniontrib.com


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