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...
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Doubletree hotel in Mission Valley is sold

The 219-room Doubletree hotel in Mission Valley has sold for more than $49 million, marking the second hotel deal in a week. Built in 1970, the Doubletree San Diego-Hotel Circle was sold to Oak Coast Properties, a four-year-old investment firm that invests in retail, residential and hotel properties. Also selling in the last week was...