San Diego Business Journal

County Hotel Deal Pricing Puts It in Top Spot

TOURISM: Good Room Metrics Boost Prices of Properties By Lou Hirsh Friday, September 12, 2014
   
Strategic Hotels & Resorts Inc. bought out the shares of former Hotel del Coronado majority owner Blackstone Group, in a deal valued at $512.1 million.

Strategic Hotels & Resorts Inc. bought out the shares of former Hotel del Coronado majority owner Blackstone Group, in a deal valued at $512.1 million. Photo by Hotel del Coronado

San Diego topped all other California counties for the value of hotel property sales deals completed in the first half of 2014, according to the latest data from Atlas Hospitality Group, and the local region will likely see increasing scrutiny from investors amid continuing improvement in the hospitality economy...

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