HEI Hotels & Resorts purchased the 360-room San Diego Marriott La Jolla in La Jolla, California, for an undisclosed amount. The hotel is the ninth acquisition by HEI’s Fund III and is the 41st hotel in the company’s portfolio.
The hotel is located in the Golden Triangle, La Jolla’s pre-eminent business district, and convenient to local attractions and downtown San Diego. La Jolla contains 4 million square feet of Class A office, R&D space, upscale retail, industrial product, multi-family and hospitality space.
The hotel offers 23 meeting rooms and more than 16,000 square feet of total function space. Additional amenities include four food and beverage outlets, indoor and outdoor swimming pool and whirlpool, and a business center. HEI plans to execute a $20 million renovation beginning in 2012, to include guest rooms, lobby, meeting space, and expanded fitness facilities.
For more information, visit www.heihotels.com.