CBRE Hotels Arranges Sale of the West Inn & Suites Carlsbad
June 11, 2018 9:45am
Newport Beach, California – June 11, 2018 – CBRE Hotels has arranged the sale of the 86-room West Inn & Suites in Carlsbad, California for an undisclosed price. CBRE Hotels represented the seller, West Real Estate LLC, who had developed the hotel along with the West Steak & Seafood Restaurant, Bistro West Restaurant, and a gas station/minimart at Cannon Road and Interstate 5 in 2006. The buyer was an affiliate of San Diego-based Pacifica Companies.
The three-story upscale boutique hotel features high-end finishes and focuses on detail serving both the leisure and corporate markets. The proximity to LEGOLAND, Palomar Corporate Center, Palomar Airport, Carlsbad beaches and the Pacific Ocean make this property the go-to location in north-coastal San Diego.
Bob Kaplan and Rod Apodaca of CBRE Hotels acted as exclusive agents for the sellers. According to Mr. Kaplan, “The West Inn’s quality of construction and fine finishes combined with its excellent coastal location makes this an exceptional acquisition opportunity.”
CBRE Hotels is a specialized team within CBRE, providing advisory, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.
west inn & suites carlsbad,
commercial real estate
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Contact: Erin Caffrey
+1 858 646 4702
Pacifica Host Hotels, a division of Pacifica Companies, is a hotel management and ownership company based in San Diego, CA. Pacifica Host owns and operates 42 hotels and resort assets in 5 states across the United States. Partnering with strong brands like Marriott International, Intercontinental Hotel Group, and Hilton Hotels and Resorts, Pacifica Host is a leader in the hospitality industry boasting the rank of the 35th largest hotel management company in the U.S.
Attrition and Cancellation Revenue
U.S. Hotels Enjoy Profit Growth, But It Is Becoming Harder to Achieve
Revenue Is Rising, But Collecting Is More Challenging
Avison Young Closes 260 Million YTD 2019
Hotel Spas: Not Just for Resorts Anymore
Leisure Real Estate Advisors, LLC Announces the Sale of the Holiday Inn Express & Suites, Newton, KS.
Times Square Hotel Goes to Auction on RealINSIGHT Marketplace on April 8th
CBRE Research Forecasts Healthy RevPar Growth for U.S. Hotels in 2019 and 2020
The Upside of Opportunity Zones for Hotel Developers and Hotel Owners
INTERVIEW: Hotel Investment Trends in Europe
Unit-Level Hotel Marketing: P&L Reveals Changes In Department Functions
JLL Projects 2019 Global Hotel Investment Volume Will Total $67 Billion
Paramount Lodging Advisors Sells Ocean Front Gold Beach Inn, Ireland’s Rustic Lodges & RV Park and Ireland’s Commercial Income Property in OR
CBRE Issues U.S. Lodging and 2019-2020 Historic Hotels Forecast at Historic Hotels of America Annual Conference
U.S. Hotels Experienced Another Strong Year in 2018, but What's on the Horizon? CBRE's Lodging Insights
Boutique Hotels: Premium Performance Impacts Flow-Through
Interviews With Leaders - Mr. Carlos Khneisser, Vice President of Development Middle East North Africa & Turkey - Hilton Worldwide
Paramount Lodging Advisors Successfully Completes another Iowa Transaction with the Sale of the Holiday Inn Express (Collins Rd.) in Cedar Rapids, IA
Economic Outlook Solid for 2019: U.S. Hotels Forecast to Enjoy Tenth Consecutive Year of Growth According to Hotel Horizons® Dec. 2018 Edition
Dual-Branded Hotels: Beware Expectations of Significant Operating Efficiencies
Please login or register to post a comment.