Manchester told the San Diego Union-Tribune that he expects tosecure better financing for a $273-million expansion of hiswaterfront Hyatt Hotel in San Diego, which broke ground in March.Manchester is less optimistic about financing for a proposed$280-million hotel on the old Campbell Shipyards property in SanDiego. He currently is embroiled in a legal dispute with San DiegoPadres owner John Moores about who has the right to develop theproject.

But Manchester said that he paid $3.2 million last week for asite in Oceanside where he plans to build the hotel, and that theproject stands on its own, regardless of the outcome of the othertwo projects. A development partner, Watkins Development, willbuild 150 timeshare vacation units on the north end of thesite.

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