Hotels remain a hot commodity in the San Diego metro, where occupancy rates have recovered to pre-pandemic levels, as an acquisition binge that saw several hotels acquired for healthy prices in 2021 continues in 2022.
The latest hotel trade was announced this week by Wheelock Street Capital, which has acquired two hotels in San Diego's tourist-friendly Gaslamp Quarter.
Wheelock Street is acquiring two premium limited service assets, the 90-room Courtyard by Marriott San Diego Gaslamp and the 126-room Moxy San Diego Downtown/Gaslamp Quarter. The purchase price for the deal, which was arranged by CBRE, was not disclosed.
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