The Lafayette Hotel, a historic property located at 2223 El Cajon Blvd in San Diego, CA, was sold for $25.8 million. The hotel features 131 rooms, an Olympic-sized pool, and multiple restaurants and bars. Victor Krebs of Colliers International represented the seller Lafayette Landlord LLC in the transaction. The buyer, CH Projects, a San Diego-based restaurant and hospitality group, plans to renovate and enhance the property.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $25,800,000.00
• Market: San Diego
• Seller's Representative: Victor Krebs (Colliers International)
• Buyer: CH Projects

Victor Krebs also facilitated the initial purchase of the Lafayette Hotel in 2004 on behalf of the seller. CH Projects, the buyer, was self-represented in the transaction. The property caught the attention of various investors due to its period architecture, spacious common areas, attractive pool, and prime location in North Park. The sale to CH Projects aligns with the seller's aspirations of maintaining the hotel's legacy under new ownership.