San Diego Business Journal

Golden Door Spa Sold for $24.8M

Friday, December 21, 2012

The Golden Door Spa in San Marcos has been sold for $24.8 million, according to the listing broker for seller Golden Door Owner LLC of New York City. The name of the buyer was not disclosed.

The 41-room luxury spa and resort is located on 377 acres at 777 Deer Springs Road. It includes a 5,118-square-foot hotel building that was constructed in 1958 and rebuilt in 1975.

The property was free and clear of existing debt at the time of sale, according to a statement from listing broker Holliday Fenoglio Fowler LP, also known as HFF.

The resort includes 20 miles of hiking trails, indoor fitness areas, swimming and therapy pools, a Japanese-style bathhouse and archery range. There is also a 122-acre avocado orchard, with organic vegetable and fruit gardens.

HFF said the deal included ownership of The Golden Door brand and future resort expansion opportunities.

According to CoStar Group, the resort last sold for $28 million in 1998.

— Lou Hirsh