WARNER SPRINGS, CA—With plans to rejuvenate a longtime San Diego County destination, Pacific Hospitality Group, Inc. (PHG) has acquired the historic Warner Springs Ranch—an iconic San Diego County destination long known for its healing natural hot springs. The nearly 2,400-acre property was purchased at auction by PHG, who will have $15 to $18 million invested in the acquisition, with plans to invest up to $50 million in the renovation and redevelopment of all facilities.
PHG is scheduled to take over operations on April 1.
CBRE was the broker on the deal. According to Jeff Woolson, managing director of CBRE, “Pacific Hospitality Group's bid was selected by the Warner Springs Ranch board of directors and confirmed at auction.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
