Search
 

San Diego Hotel Demand Expected to Increase

SAN DIEGO—As news comes in that the San Diego W hotel gets a $31.2-million refi, sources say that the Downtown San Diego hotel market, which includes 17,200 rooms across 80 hotels, is driven by business travelers, the Convention Center, and demand from entertainment and sporting events attendees.

By Natalie Dolce | Updated on January 13, 2015

SAN DIEGO—PCCP LLC has provided a $31.2 million senior loan to refinance the W Hotel San Diego on behalf of a joint venture between Rockpoint Group and SCS Advisors. The new loan allows the ownership to complete its business plan and create additional value, explains Mike Johnson, associate vice president with PCCP.

The 258-room full-service hotel is well located in Downtown San Diego with convenient access to the San Diego Convention Center, Gaslamp district, Class A office buildings, and City and County offices. According to San Diego Convention Corp., Smith Travel Research and PKF Hospitality research, the Downtown San Diego hotel market includes 17,200 rooms across 80 hotels and is driven by business travelers, the Convention Center, and demand from entertainment and sporting events attendees.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.