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Pebblebrook Hotel Trust has acquired the AAA Four Diamond 210-room Estancia La Jolla Hotel & Spa for $108 million, and has retained Noble House Hotels & Resorts to manage the property. Pebblebrook funded the acquisition $46 million of cash on hand, and it assumed a $62 million of existing non-recourse, secured debt, which matures in September 2028.

Estancia La Jolla is on 10 acres, and it is walking distance to Black’s Beach, Salk Institute for Biological Studies, and the University of California, San Diego. In addition to the 210 guestrooms, the property features 50,000 square feet of indoor and outdoor meeting and event space; Spa Estancia, a 7,000 square-foot sanctuary with 11 indoor and outdoor treatment rooms; several dining options; a fitness center and an outdoor saltwater pool with poolside cabanas.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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