Kamla Hotels has purchased Glorietta Bay Inn in Coronado, California (an island off Downtown San Diego), described as a “historic boutique” hotel in a statement from Atlas Hospitality Group. Atlas tells SoCal Real Estate that the sale price was $39 million and that the seller was Glorietta Bay Inn LLC, a privately held company.
The 110-year-old Coronado landmark, which the statement says is “renowned for its grand architecture,” comprises a historic 11-room mansion and 89 contemporary rooms and suites. Located across from the Coronado Beach, the hotel was designated a historic landmark by the Coronado Historical Association and has received many awards and accolades from the City of Coronado, according to the release.
Atlas president Alan X. Reay says in the statement, “This was the first time in over 40 years that Glorietta Bay Inn was offered for sale. Following a competitive marketing process, we are pleased to announce Kamla Hotels as the successful bidder.”
The release also says Kamla Hotels is a second-generation, family-owned company based in the Greater Los Angeles area with a “rich history in operating best-in-class hotels.”
As we reported in July, hotel-management firm RAR Hospitality recently managed the $1 million upgrade of El Cordova Hotel, a 43-room boutique property at 1351 Orange Avenue in Coronado, California. The upgrade included brand-new accommodations and renovations to enhance the “affordable luxury guest experience” the hotel strives to provide.