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Hilton hotels become a hot seller in San Diego: Rancho Bernardo property is fourth sold in past 16 months.

Publication: San Diego Business Journal
Publication Date: 24-APR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Hilton hotels become a hot seller in San Diego: Rancho Bernardo property is fourth sold in past 16 months.(Hospitality survey)

Article Excerpt
The way analysts view the lodging industry, the pending sale of the Hilton Garden Inn San Diego fits the description of highly sought after properties: a midpriced, limited service inn that caters to business travelers, sports a top-rated flag and is located in one of the hottest hotel markets in the country.

The upscale 200-room property on Bernardo Center Drive off Interstate 15, near the Rancho Bernardo Industrial Park, is under contract for sale for $34.5 million to Apple Suites, an affiliate of the Richmond, Va.-based Apple Six Real Estate Investment Trust, according to the online real estate newsletter Commercial Real Estate Direct.

If the transaction is completed, the Hilton...

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