DoubleTree San Diego-Hotel Circle Sold

CBRE Group, Inc. | April 7, 2015

Newport Beach, California - April 7, 2015 - CBRE Hotels arranged the sale of the 219-room DoubleTree San Diego-Hotel Circle. The sellers, two locally-based investment entities, sold the property to an affiliate of Oak Coast Properties LLC, a Southern California-based real estate investment company. The buyer purchased the leasehold and land in two separate transactions that closed concurrently. The property will be managed by Portfolio Hotels & Resorts and will continue operating under the DoubleTree by Hilton flag. Financial terms of the sale were not disclosed. The eight-story hotel property includes the Panini Restaurant, meeting...