Hunter advises on sale of San Diego Holiday Inn Express

Hunter Hotel Advisors announced that the firm recently advised on the sale of the 113-room Holiday Inn Express San Diego Sea World/Beach Area hotel. Hunter represented Excel Hotel Group, a San Diego-based hotel management group, and arranged the sale to another California investor.

“The prime location helped generate multiple offers for the asset. We were able to capitalize on our relationships with a complete range of hotel investors including institutional REITs, private equity and regional investors,” said Danny Givertz, SVP of Hunter Hotel Advisor’s L.A. office who brokered the transaction.

Givertz also credited the high buyer interest to the hotel’s recent rebranding to Holiday Inn Express and the high barrier to entry of the San Diego market.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


“Hunter has seen a strong interest in assets in the West Coast’s top urban markets including San Diego, Los Angeles and San Francisco,” said Givertz.

 

Read more on

Suggested Articles

SVC plans to transfer the branding and management of 98 Marriott hotels to Sonesta.

Shortly after acquiring six hotel portfolios from Colony Capital, Highgate has assumed management of Trust Hospitality’s portfolio of 22 properties.

The Kelley House is one of the five oldest hotels in the U.S., taking up six buildings in Edgartown, Mass.