Berkadia Negotiates Hotel Sale in San Diego, California
SAN DIEGO, CA – June 5, 2024 – Berkadia announced today the sale of SpringHill Suites San Diego Oceanside-Downtown, a 149-key hotel located in Oceanside, California. Managing Director Scott Hall and Senior Director Aaron Lapping of Berkadia Hotels & Hospitality led the transaction on behalf of the seller, Colorado-based GF Properties Group. The buyer was a private local investor.
“Downtown Oceanside has experienced a significant renaissance in recent years,” said Hall. “The market’s incredibly strong response to this sale offering highlights the long-term positive outlook for continued growth of North County San Diego’s coastal region.”
Located at 110 N Myers St, the hotel is in the heart of downtown Oceanside, which is known for its newfound popularity for upscale tourism, emerging art scene, trendy restaurants and breweries, and local surf culture. Conveniently located a block from the beach, this coastal property offers guests impressive ocean views from numerous public spaces and a select portion of its guestrooms. SpringHill Suites San Diego Oceanside-Downtown was built in 2014 and recently renovated in 2021. The hotel features 149 keys with a rooftop pool, indoor and outdoor event space, a fitness facility, beach rentals, a full-service restaurant and bar, and additional amenities.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge, and experience with the most comprehensive suite of products and services, backed by relentless customer service and support to empower clients to capitalize on the right opportunities at the greatest value. The group serves clients across the country, offering a full set of advisory, investment sales, underwriting and loan origination services and products including Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.
Local Investor Acquires SpringHill Suites in Oceanside | Connect Media