Courtyard San Diego Downtown

SAN DIEGO-Affiliates of Wheelock Street Capital have acquired the 245-room Courtyard San Diego Downtown here after acquiring the 262-room Hyatt Westlake Plaza in Thousand Oaks in April. Wheelock Street has placed a third Southern California hotel under contract and expects to close that acquisition this summer.

Wheelock acquired the Courtyard San Diego Downtown from an entity affiliated with Sage Hospitality Resources, a national hotel management firm headquartered in Denver, and assumed the property’s existing financing in connection with a negotiated restructuring of the loan. Sage Hospitality will continue to manage the property, which opened in 1999 and is a historic adaptive reuse of the landmark San Diego Savings and Trust bank building constructed in 1928.

Westlake Hyatt Plaza