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California  + San Diego  + Hospitality  | 
IQHQ Biotech REIT Acquires Hyatt Regency La Jolla Aventine for $216M

Wheelock Acquires Two Premium San Diego Hotels

Wheelock Street Capital has announced the acquisition of two limited service assets in San Diego’s Gaslamp Quarter, the Courtyard by Marriott and the Moxy San Diego. Island Hospitality, which has a significant presence in California, will assume management responsibilities under Wheelock’s ownership.

The 90-room Courtyard and the 126-room Moxy are located on Sixth Avenue, just a short walk from the San Diego Convention Center and Petco Park. The Courtyard features a popular rooftop bar and event space, the Nolen, which offers panoramic views of the San Diego skyline.

“The properties are an excellent fit for our current acquisition criteria given their institutional quality, A+ locations and strong positioning within the market,” said Wheelock’s Chris Mejia in a news release. “The market and properties continue to outperform expectations, and we look forward to working with Island Hospitality to further enhance the properties’ positioning as first choices among travelers visiting San Diego.”

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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