Close

Cart

Total $0.00

Checkout

Tampa, Fla.  (February 2, 2016) – The Plasencia Group is pleased to announce the sale of the Marriott San Diego Del Mar hotel, located in San Diego, California.  The firm represented the seller of the 284-room hotel.  San Diego-based private real estate investment firm Southwest Value Partners, Managing Partners Mark Schlossberg and Cary Mack, acquired the property. Southwest Value Partners separately acquired the neighboring Hilton DoubleTree Del Mar hotel in the first quarter of 2015.

Robert Wiemer, Senior Vice President of The Plasencia Group commented, “Our client and the purchaser both met their stated goals with this transaction. The seller was able to achieve an excellent return for their investors while the purchaser acquired its second asset in the affluent Del Mar submarket, realizing both strategic economies of scale and the capacity to increase performance through value-add improvements and operational adjustments.”

“The Marriott will continue to benefit from the strong fundamentals of the San Diego market, where RevPAR routinely ranks among the highest in the country year-round,” added Nick Plasencia, Vice President of the Plasencia Group and member of the disposition team.

The Marriott Del Mar enjoys an ideal location in the attractive and affluent Del Mar submarket of San Diego, just twenty miles north of downtown San Diego and San Diego International Airport. The hotel’s proximity to spectacular beaches, refined shopping and dining options and an abundance of Class-A office space make it an attractive option for leisure and business travelers alike. The Plasencia Group has now advised on the sale of 27 hotels in California and 48 Marriott properties.

About The Plasencia Group

The Plasencia Group is a full-service hotel investment and consulting firm offering Transaction Services, Capital Markets, and Consulting & Advisory Services throughout North America.  For more information, please visit www.TPGhotels.com.

Contact: Jodie Orozco, Vice President of Marketing & Partnerships

jorozco@tpghotels.com / (813) 932-1234

Related News

SCG Hospitality Acquires St. Pete's Historic Vinoy Renaissance Resort and Golf Club From RLJ Lodging Trust

The Plasencia Group Facilitates Sale of Hotel Indigo San Antonio-Riverwalk

Sale of Sheraton Metairie - New Orleans Hotel Facilitated by The Plasencia Group

Sale of Courtyard Fort Lauderdale Beach Led by The Plasencia Group

The Plasencia Group Closes Sale of DoubleTree by Hilton Salt Lake City Airport Hotel

Hilton Garden Inn Dallas/Richardson Transaction Led by The Plasencia Group

The Plasencia Group Advises on Cleveland Marriott Downtown at Key Center

The Plasencia Group Advises on Sale of Aloft Leawood-Overland Park

Sale of Holiday Inn Orlando-Disney Springs Area Handled by The Plasencia Group

Hyatt and Southwest Value Partners to Develop 540-Room Hyatt Regency in Nashville, Tennessee

Downtown Columbus Hotel Portfolio Transaction Led by The Plasencia Group

The Plasencia Group Closes Sale of Hilton University of Florida Conference Center Hotel

The Plasencia Group Advises on Sale of the DoubleTree by Hilton Pittsburgh - Green Tree Hotel

The Plasencia Group Advises on Sale of the DoubleTree Denver-Westminster Hotel

The Plasencia Group Closes Sale of the Embassy Suites Chicago - Schaumburg/Woodfield Hotel

The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio - Northwest I-10 Hotel

The Plasencia Group Advises on Sale of Marriott Baton Rouge

The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio International Airport

The Plasencia Group Advises on Sale of The Former DoubleTree by Hilton Hotel Richmond Downtown

The Plasencia Group Completes Sale of DoubleTree by Hilton New Orleans

All News »

Please login or register to post a comment.