Carlsbad CA— CBRE Hotels has arranged the sale of the 86-room West Inn & Suites in Carlsbad, California for an undisclosed price. CBRE Hotels represented the seller, West Real Estate LLC, who had developed the hotel along with the West Steak & Seafood Restaurant, Bistro West Restaurant, and a gas station/minimart at Cannon Road and Interstate 5 in 2006. The buyer was an affiliate of San Diego-based Pacifica Companies.
The three-story upscale boutique hotel features high-end finishes and focuses on detail serving both the leisure and corporate markets. The proximity to LEGOLAND, Palomar Corporate Center, Palomar Airport, Carlsbad beaches and the Pacific Ocean make this property the go-to location in north-coastal San Diego.
Bob Kaplan and Rod Apodaca of CBRE Hotels acted as exclusive agents for the sellers. According to Mr. Kaplan, “The West Inn’s quality of construction and fine finishes combined with its excellent coastal location makes this an exceptional acquisition opportunity.”
CBRE Hotels is a specialized team within CBRE, providing advisory, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.
h5>About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Pacifica Companies
Pacifica Host Hotels, a division of Pacifica Companies, is a hotel management and ownership company based in San Diego, CA. Pacifica Host owns and operates 42 hotels and resort assets in 5 states across the United States. Partnering with strong brands like Marriott International, Intercontinental Hotel Group, and Hilton Hotels and Resorts, Pacifica Host is a leader in the hospitality industry boasting the rank of the 35th largest hotel management company in the U.S.