Sonnenblick-Eichner Co. Arranges Sale of The Cannon’s Hotel Development Site, Dana Point, CA

USA, Beverly Hills, California. December 13, 2022

Sonnenblick-Eichner Company announced today that it has arranged the sale of the fee simple interest in the Cannon's Hotel Development Site in Dana Point, California. The former home of Cannon's Restaurant, the site is fully entitled and has received California Coastal Commission approval for a 100-room boutique luxury hotel.

The property is located on a bluff-top overlooking the Dana Point Harbor and Marina with expansive, panoramic views of the Pacific Ocean and the California Coastline. The property was sold to a private investor.

The site is located one block south of Pacific Coast Highway and approximately 2.5 miles west of Interstate 5, providing excellent access to the area's transportation network. The Dana Point Harbor and Marina features over 2,400 boat slips, several restaurants, and various marine-oriented activities. The Dana Point Harbor and Marina is undergoing a $338 million revitalization, including the addition of approximately 110,000 square feet of destination retail, restaurant, hotel, and office space.

Todd Bedingfield, Senior Managing Director of Sonnenblick-Eichner Company, commented: "We received tremendous interest in this offering from both institutional and entrepreneurial investors. Our client ultimately decided to transact with a locally based development firm who will be redeveloping the property."

David Sonnenblick, Principal of Sonnenblick-Eichner Company, added: "This site presented investors with the rare opportunity to purchase a fully entitled coastal property in a location with extreme barriers to entry."

Cannon's Hotel Development Site, Dana Point, CA
Tags: Sonnenblick-Eichner, Hospitality, hotel, finance, real estate, commercial real estate, development

About Sonnenblick-Eichner Company

Business Contact:

Bruce Beck
T: +1 805-777-7971
E: [email protected]
Follow us on Twitter:

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Coming up in March 2023...

Hotel Human Resources: The Great Resignation

Hotels have always struggled with the task of attracting and retaining qualified employees. At any given moment, hotels are consistently understaffed which makes providing quality guest services a persistent challenge. Additionally, as a consequence of the pandemic, there has been a mass exodus of workers who left their employers and haven't returned. This phenomenon has become known as the Great Resignation. In one month alone last year, over 900,000 employees left hospitality jobs, affecting all areas of operations including frontline workers,  restaurant and housekeeping staff, and hotel management. To overcome these challenges, Human Resource departments are implementing a variety of solutions. First, they are reassessing their wage and benefits guidelines in an effort to become more competitive. They are also leveraging digital technology to attract and retain talent, and to improve the employee experience. The goal is to centralize communications, enhance employee engagement, empower independent decision-making, and expand educational opportunities. The March Hotel Business Review will explore what some HR professionals are doing to address these critical employment issues in their respective departments.