SAN DIEGO—San Diego-based real estate services firm Trigild said today that it has completed the receivership sale of three Marriott hotel properties in Thousand Oaks and San Luis Obispo to BRE Atlas Property Owner LLC. The sale came after Trigild overcame legal objections of some of the defendants in the case. The deal also completes the disposition of a five-hotel portfolio.

According to Trigild CEO Bill Hoffman, the properties were held in a family trust and sold for an undisclosed price after Monterey California Superior Court Judge, Susan Matcham, ruled in favor of the sale, overruling the objections of some the trust beneficiaries. “The court found the sale of these properties to be in the best interests of the trust estate,” Hoffman said.

In late 2013, Trigild was appointed receiver in connection with a long-running legal dispute between certain members of the trust and allegations of misconduct by the owners of the Best Western Valencia, Holiday Inn Express Valencia, Courtyard by Marriott in San Luis Obispo and Courtyard by Marriott and a Marriott TownePlace Suites in Thousand Oaks – all held in a family trust. Trigild was subsequently directed by the court to take over property management and the operations of the properties and completed the receivership sale of the Holiday Inn Express and Best Western properties in Valencia in late August.