Hotel Online
News for the Hospitality Executive


advertisement



LaSalle Hotel Properties Acquires the 120-room L’Auberge Del Mar \
in California for $76.9 million



BETHESDA, Md.--December 7, 2012--LaSalle Hotel Properties (NYSE:LHO) today announced the acquisition of L’Auberge Del Mar in Del Mar, California for $76.9 million.

The 120-room full service, luxury resort is located at 1540 Camino Del Mar, overlooking the Pacific Ocean. Del Mar is an affluent seaside community, rich with amenities including upscale shopping and fine dining. The property enjoys close proximity to several leisure and business demand drivers including Del Mar Beach, Torrey Pines Golf Course and the Del Mar Racetrack & Fairgrounds. The property is located eight miles from University of California, San Diego (UCSD), one of the nation’s leading research universities. University Towne Center is located next to UCSD and offers 3,400,000 square feet of Class A office space and has become San Diego’s highest rent office market. The area is occupied by numerous businesses and research facilities as well as biotech, pharmaceutical and technology companies. The property is also within 20 miles of several popular leisure destinations including LEGOLAND, SeaWorld San Diego and the San Diego Zoo.

“We are extremely excited to acquire L’Auberge Del Mar,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. “The property is in excellent condition and is extremely well located in a strong market which benefits from numerous demand generators.”

L’Auberge Del Mar is set on 4.5 acres overlooking the Pacific Ocean. The property opened in 1989. In 2009, the property underwent an extensive renovation totaling $25.8 million. The project included a full guestroom renovation, lobby upgrade and improvements of the meeting space, swimming pools and food and beverage outlets. The hotel has 120 guestrooms with an average size of 320 square feet, including eight suites which average 500 square feet. L’Auberge Del Mar also includes four food and beverage outlets. KITCHEN 1540 seats 128, including 74 indoor seats and 54 outdoor seats and features a California-inspired seasonally-driven menu. Waterfall Terrace is an outdoor venue and offers a casual setting with ocean views. Living Room Bar is open daily and features live music several nights of the week and Bleu Bar is located adjacent to the pool. The property’s 16,500 square feet of flexible meeting and function space includes six indoor meeting rooms and six outdoor areas. L’Auberge Del Mar also offers the 5,000 square-foot Spa L’Auberge and a fitness center in addition to two tennis courts, an outdoor recreational pool and a separate lap pool.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns interests in 41 hotels of which 39 are owned 100 percent. The 39 wholly-owned properties are upscale full-service hotels, totaling more than 10,300 guest rooms in 13 markets in 9 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group, Highgate Hotels and Access Hotels & Resorts.
.
Contact: 

LaSalle Hotel Properties
Bruce A. Riggins or Kenneth G. Fuller
301-941-1500


.
Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here  

To Learn More About Your News Being Published on Hotel-Online Inquire Here

See Also: Hans Rouillard Named Executive Chef of the 310-key Lansdowne Resort in Leesburg, Virginia; Owned by LaSalle Hotel Properties and Managed by Destination Hotels & Resorts / August 2012

Lloyd Williams Named General Manager of the 310-key Lansdowne Resort in Leesburg, Virginia; Resort is Owned by LaSalle Hotel Properties and Managed by Destination Hotels & Resorts / May 2012

James Sabatier Named President and Chief Operating Officer of Destination Hotels & Resorts / March 2012

Officially Opened by JFK in 1963, Washington, D.C.’s Historic 356-room Madison Hotel Completes $20 million Restoration; Owned by Jamestown and Managed by Destination Hotels & Resorts / March 2012

L'Auberge Del Mar in California Names New Sales Team; Robert Harter, Jeffrey Livingston, Christina Benson and Lindsey Dollahon Join the 120-room Resort Managed by Destination Hotels & Resorts / February 2012

Destination Hotels & Resorts to Manage the 296-room Lansdowne Resort in Leesburg, Virginia / February 2012

Kara Owen Named as Director of Group Sales for the Skamania Lodge in Stevenson, Washington Managed by Destination Hotels & Resorts / February 2012

Destination® Hotels & Resorts Selected to Manage the 257-room Valley River Inn in Eugene, Oregon / October 2011

Destination Hotels & Resorts Names Steve Sackman Regional Vice President of Sales and Marketing / July 2011

Destination Hotels & Resorts to Manage The Woodmark Hotel, Yacht Club & Spa in Kirkland, Washington; John T. Murphy Named General Manager / June 2011

Destination Hotels and Resorts Appoints Cody Vasek as Executive Chef at Stowe Mountain Lodge in Stowe, Vermont / June 2011

Destination Hotels & Resorts Appoints Jim Horsman as Managing Director, Gavin Phillip as Hotel Manager and Doug Camp as the Director of Sales and Marketing at the 353-room Madison Hotel in Washington, D.C. / May 2011

Andre Fournier Appointed Senior Vice President of Sales & Marketing for Destination Hotels & Resorts / April 2011

Destination Hotels & Resorts Launches Kids Healthy Recipe Contest in Support of National Nutrition Month in March; Program Supports Company’s Commitment to Healthy Eating Through Kids Café Menus / March 2011

Destination Hotels and Resorts Appoints Heinrich von Puschendorf as Director of Operations at Stowe Mountain Lodge in Stowe, Vermont / February 2011

Destination Hotels & Resorts Appoints Amanda Acosta as Director of Sales for The Hotel Telluride / January 2011

Destination Hotels & Resorts Selected to Manage the 353-room Madison Hotel in Washington, D.C.; Jim Horsman Appointed Managing Director / January 2011

Seven Destination Hotels & Resorts Properties Listed Among the Best of the Best in North America by the Readers of Conde Nast Traveler; Destination’s Stowe Mountain Lodge Makes the Top 100 in the World List / November 2010

Lowe Enterprises Secures $100 Million Capital Investment for Terranea Resort, Positioning it for Long Term Success; Lowe’s Subsidiary, Destination Hotels & Resorts, Continues as Operator / October 2010

Steve Sackman and Nancy Lindemer Appointed Chair and Vice Chair Respectively for the International Association of Conference Center's Marketing Committee / October 2007
.

To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.