Deal of the Week

June 5, 2015

June 9, 2015

June 12, 2015


Hyatt Regency at Aventine sells

The Deal of the Week was the sale of the 417-room, Michael Graves-designed Hyatt Regency La Jolla at Aventine hotel at 3777 La Jolla Village Drive and the adjacent 28,000-square-foot building at 8930 University Center Lane, San Diego, for $92,732,500. The sale was announced in late April for $118 million.

The buyer was W-JMA La Jolla Owner VII LLC, a joint venture of JMA Ventures LLC of San Francisco and Walton Street Capital LLC of Chicago.

The acquisition was financed by an $80 million loan from Bank of America (NYSE: BAC).

The seller was New Aventine LLC, a joint venture of Strategic Hotels & Resorts (NYSE: BEE) (53.5 percent) and GIC Real Estate Pte Ltd., the Singapore government's real estate investment arm.

The hotel and adjacent building were constructed in 1990 on 4.75 acres.


June 5, 2015

June 9, 2015

June 12, 2015