LaSalle Acquires Resort in Del Mar, CA
Monday December 10th, 2012 - 12:17AM H
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DEL MAR, CA–LaSalle Hotel Properties has purchased the 120-room L'Auberge Del Mar here for $76.9 million.
LaSalle president & CEO Michael Barnello cited the luxury resort's multiple demand generators as the reason for the acquisition. The property is close to Torrey Pines Golf Course, Del Mar Beach and other leisure attractions. It's also close to the University of California San Diego and the University Towne Center corporate office park.
Bethesda, MD-based LaSalle, a lodging real estate investment trust, owns interests in 41 hotels of which 39 are owned 100%.
Tags: • Hospitality • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.