Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, arranged the $100-million sale of The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego County’s exclusive enclave of Rancho Santa Fe. The buyer was an institutional investment fund.

The resort is undergoing an extensive renovation. When fully operational in the fourth quarter of this year, it will be positioned as one of the most preeminent and exclusive destinations in California.  

“We were able to generate interest in the acquisition given the quality of the renovation and that it was offered unencumbered by franchise and management agreements,” said Elliot Eichner, a principal and co-founder of Sonnenblick-Eichner. “The buyer recognized an incredible opportunity to acquire a five-star luxury resort in a market with extremely high barriers to entry,”

Added David Sonnenblick, also a principal and co-founder of Sonnenblick-Eichner, “Despite the higher interest rate environment and recessionary concerns, there is still a tremendous amount of capital available from both institutional and private investment funds for quality transactions,”