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The Declan To Be Transformed Into Marriott Timeshare

Fresh from a multimillion-dollar renovation, Downtown San Diego’s all-suites luxury hotel has a new owner, and a new format to boot: Vacation ownership under a Marriott Vacations Worldwide flag. Marriott Vacations Worldwide has paid $52.65M, or some $199,400/room, for the hotel from NYC private equity fund Westbrook Partners, according to Irvine-based Atlas Hospitality. Marriott’s Ed Kinney...
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Disney purchases Carousel Inn across the street from Disneyland for $32 million

ANAHEIM – The Walt Disney Co. has purchased a hotel that sits directly across Harbor Boulevard from its two theme parks for $32 million, according to public records. Disney, through a limited-liability corporation, Carousel Holdings EAT, purchased the 131-room Carousel Inn & Suites on 1530 S. Harbor Blvd. from Good Hope International. Messages to Good...

Hyatt La Jolla will be sold for $118M

A year after taking over full ownership of the Hotel del Coronado, Strategic Hotels and Resorts has decided to unload its interest in the Hyatt Regency La Jolla in a deal valued at $118 million. The Chicago-based real estate investment firm, along with its joint venture partner, which is affiliated with the government of Singapore...