West Real Estate LLC has sold West Inn & Suites, an 86-room, three-story, upscale boutique hotel in Carlsbad, California, to an affiliate of San Diego-based Pacifica Companies. According to CoStar, the sales price was $19.5 million.
The seller had developed the hotel along with the West Steak & Seafood Restaurant, Bistro West Restaurant, and a gas station/minimart at Cannon Road and I-5 in 2006. The hotel features high-end finishes and focuses on detail, serving both the leisure and corporate markets. The proximity to Legoland, Palomar Corporate Center, Palomar Airport, Carlsbad beaches, and the Pacific Ocean add to its desirability in north-coastal San Diego.
Bob Kaplan and Rod Apodaca of CBRE Hotels acted as exclusive agents for the sellers. According to Kaplan, “The West Inn’s quality of construction and fine finishes, combined with its excellent coastal location, makes this an exceptional acquisition opportunity.”