Marriott Ownership Resorts buys San Diego Sheraton

The 264-suite former Sheraton in San Diego was sold to Marriott Ownership Resorts for $50 million.

Marriott plans to convert the property into a timeshare project, which may be structured as a condominium. The seller of the property was NOIRO West, also known as Sheraton Suites San Diego.

In 2013, the property was rebranded as the Declan Suites San Diego and transferred to new management. Declan announced plans to remodel the hotel's two-room suites, lobby, restaurant and bar last year.

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Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.