Khanna Enterprises purchased the 110-room Hotel La Jolla in La Jolla, Calif. The company is in the process of finalizing a national brand relationship for the hotel. The price is undisclosed.
The property is situated half a mile from the La Jolla Cove and has views of the Pacific Ocean.
“This acquisition represents another step in our strategic mission to own and manage uniquely positioned hotels in upscale markets along the entire West Coast” said Ravi Khanna, president & CEO of Khanna Enterprises.
The Hotel La Jolla is the third major acquisition for the company over the past 24 months. In March 2015, Khanna purchased the Sheraton Hotel in Agoura Hills, California, and acquired the Custom Hotel located in Los Angeles, California in May of 2014.