A Los Angeles-based investment firm has acquired the Hilton La Jolla Torrey Pines for $165M in the priciest hotel trade in San Diego thus far this year.
Through its $350M Hospitality Fund, JRK Property Holdings bought the 394-key hotel, which sits on an oceanfront site adjacent to the Torrey Pines Golf Course, from Dallas-based Braemar Hotels & Resorts, the company announced.
Proximity to the famous golf course, a perennial venue for major PGA Tour events—the Hilton La Jolla Torrey Pines offers exclusive tee times on the course—has made the Hilton, located about 15 miles north of downtown San Diego, one of the top-performing lodgings in the region.
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