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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.