Bartell Hotels acquires San Diego Hilton for $37.7M

San Diego-based Bartell Hotels acquired the San Diego Hilton Airport/Harbor Island for $37.7 million.

The 211-room hotel was purchased from New York-based real estate investment firm Square Mile Management. The hotel was last renovated in the early 2000s after it joined the Hilton Worldwide brand, and Bartell has $5 million in upgrades planned for the property's future.

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The nine-story building has nearly 9,000 square feet of meeting and banquet space, and is now the eigth hotel owned by Bartell.

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The joint-venture partners have given a name to the upper-midscale brand they introduced in February.

Seven of the new hotels fall under the Budgetel Inn & Suites brand, three under the AmeriVu Inns & Suites brand and two under the Haven Hotel brand.

Sri Krishna Enterprises owns the 115-suite hotel, which took 16 months to construct, and Southern Hospitality Services manages it.