LaSalle Hotel Properties LHO today announced the acquisition of
L'Auberge Del Mar in Del Mar, California for $76.9 million.
The 120-room full service, luxury resort is located at 1540 Camino Del Mar,
overlooking the Pacific Ocean. Del Mar is an affluent seaside community, rich
with amenities including upscale shopping and fine dining. The property enjoys
close proximity to several leisure and business demand drivers including Del
Mar Beach, Torrey Pines Golf Course and the Del Mar Racetrack & Fairgrounds.
The property is located eight miles from University of California, San Diego
(UCSD), one of the nation's leading research universities. University Towne
Center is located next to UCSD and offers 3,400,000 square feet of Class A
office space and has become San Diego's highest rent office market. The area
is occupied by numerous businesses and research facilities as well as biotech,
pharmaceutical and technology companies. The property is also within 20 miles
of several popular leisure destinations including LEGOLAND, SeaWorld San Diego
and the San Diego Zoo.
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