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.
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The 210-room Estancia
Hotel in La Jolla opened in the summer of 2004. — Lowe Enterprises
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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/
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