The Deal of the Week was the sale of the 264-suite hotel at 701 A St. in downtown San Diego 92191, for $50,030,800 to Marriott Ownership Resorts Inc. (MORI).
According to recorded documents, Marriott will pursue a conversion of the property into "a timeshare project, which may be structured as a condominium."
The seller of the property was NOIRO West LLC, also known as Sheraton Suites San Diego.
The hotel was turned over to the operator, Declan, in 2013.
The property was sold in October 2010 for $37.75 million.