The Plasencia Group Advises on Sale of the Marriott San Diego Del Mar Hotel
TAMPA, FL. February 3, 2016 - The Plasencia Group is pleased to announce the sale of the Marriott San Diego Del Mar hotel, located in San Diego, California. The firm represented the seller of the 284-room hotel. San Diego-based private real estate investment firm Southwest Value Partners, Managing Partners Mark Schlossberg and Cary Mack, acquired the property. Southwest Value Partners separately acquired the neighboring Hilton DoubleTree Del Mar hotel in the first quarter of 2015.
Robert Wiemer, Senior Vice President of The Plasencia Group commented, “Our client and the purchaser both met their stated goals with this transaction. The seller was able to achieve an excellent return for their investors while the purchaser acquired its second asset in the affluent Del Mar submarket, realizing both strategic economies of scale and the capacity to increase performance through value-add improvements and operational adjustments.”
“The Marriott will continue to benefit from the strong fundamentals of the San Diego market, where RevPAR routinely ranks among the highest in the country year-round,” added Nick Plasencia, Vice President of the Plasencia Group and member of the disposition team.
The Marriott Del Mar enjoys an ideal location in the attractive and affluent Del Mar submarket of San Diego, just twenty miles north of downtown San Diego and San Diego International Airport. The hotel's proximity to spectacular beaches, refined shopping and dining options and an abundance of Class-A office space make it an attractive option for leisure and business travelers alike. The Plasencia Group has now advised on the sale of 27 hotels in California and 48 Marriott properties.
About The Plasencia Group
The Plasencia Group is a full-service hotel investment and consulting firm offering Transaction Services, Capital Markets, and Consulting & Advisory Services throughout North America. For more information, please visit www.TPGhotels.com.
Contact:
Jodie Orozco, Vice President of Marketing & Partnerships
jorozco@tpghotels.com
(813) 932-1234
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
