The Hotel property located in San Diego has been sold in a closed transaction. The property was sold by T2 Hospitality to Joel Sybrowsky, Cory Turner, Ryan Phelps, Nate Taylor, Adam Ricks & Tom Jacobson, represented by Dynamic City Capital. The transaction took place on February 23, 2021.

Summary of transaction details

• Property Type: Hotel
• Sale Price: $119,000,000
• Number of Rooms: 364
• Price per Room (PPR): $326,923
• Market: San Diego

Joel Sybrowsky, Cory Turner, Ryan Phelps, Nate Taylor, Adam Ricks & Tom Jacobson, represented by Dynamic City Capital, acted as the buyers in the transaction. T2 Hospitality, on the other hand, served as the seller. The property consists of a total of 364 rooms, with a sale price of $119,000,000, resulting in a price per room (PPR) of $326,923. This closed transaction marks the successful transfer of ownership from the seller to the buyers.