(Mark Your Calendars: RealShare HOTELS 2011, September 15 in New York City).
SAN DIEGO-Holiday Inn Express Mission Bay, a four-story, 87-room hotel in San Diego’s Mission Bay area, and the Comfort Inn National City, a 91-room hotel in the National City area of San Diego have been sold. Holliday Fenoglio Fowler marketed both properties on behalf of C-III Asset Management LLC, the special servicer for the selling trusts.
Local hotel owner, RNM Hospitality, purchased the Holiday Inn Express Mission Bay. Excel Hotel Group was the buyer for the Comfort Inn National City. HFF tells GlobeSt.com that the Holiday Inn went for $5.8 million, but it could not disclose the purchase price for the Comfort Inn.
The Holiday Inn Express Mission Bay is located at 4610 De Soto St. adjacent to Interstate 5 and close to Sea World, Mission Bay and Pacific Beach. Renovated in 2010, the property offers guests an outdoor pool, outdoor hot tub, business center, fitness room and laundry facility. Parking is available in a two-story, 78-space garage.
The Comfort Inn National City was renovated in 1997 and features an outdoor heated pool with hot tub and 800 square feet of meeting space. The select service hotel is located at 1645 E. Plaza Blvd. close to the U.S. Naval Station, downtown San Diego and the San Diego Bayfront and Marina in the southeastern area of the city.
The HFF team representing C-III Asset Management LLC was led by managing director Holden Lim and director Zack Holderman.
C-III Asset Management LLC, which is a wholly-owned subsidiary of C-III Capital Partners, is a primary and special servicer of commercial real estate mortgages for CMBS trusts, institutional lenders and other investors. C-III Asset Management is the primary servicer for approximately $20 billion of performing commercial mortgages and the named special servicer for loans in 90 CMBS trusts having an aggregate principal balance of over $118 billion, according to a prepared statement.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
