Senior vice president of Eastdil, Andrew Holt would not confirm the sale, according to a News 7 article by Sarah Grieco, nor would real estate group owners Lowe Enterprises. However, if the property is indeed for sale, it most likely won’t be on the market for long. Southern California is a hot destination, and given L’Auberge Del Mar’s coastal locale, the 121 room property is quite the real estate catch. In The Union Tribune article, hotel broker Bob Kaplan was quoted saying, “Coastal Southern California is in high demand by the buyers, and it’s where the money is today. Properties like this don’t come along that often.”
L’Auberge Del Mar hotel has been open for over twenty years, and last sold for around $12 million dollars in the early 90’s. However, with today’s current market, it would be surprising if it did not sell for three times that price. La Jolla hotel, La Valencia, which was purchased by Pacifica Companies, sold for $41 million.
Sara graduated from the University of Mary Washington in Fredericksburg, Virginia with a degree in creative writing. As a military child she spent her childhood living and travelling overseas which shaped her passion for travel, language, food, and intercultural exchange. She has recently joined the JustLuxe editorial team....(Read More)