LaSalle Hotel Properties Acquires L’Auberge Del Mar in California
BETHESDA, Md—LaSalle Hotel Properties announced the acquisition of L’Auberge Del Mar in Del Mar, California for $76.9 million. READER COMMENTS
“We are extremely excited to acquire L’Auberge Del Mar,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. “The property is in excellent condition and is extremely well located in a strong market which benefits from numerous demand generators.”
The 120-room full service, luxury resort is set on 4.5 acres overlooking the Pacific Ocean. The property opened in 1989. In 2009, the property underwent an extensive renovation totaling $25.8 million. The project included a full guestroom renovation, lobby upgrade and improvements of the meeting space, swimming pools, and food and beverage outlets.
The hotel's guestrooms are an average size of 320 square feet and the property offers eight suites which average 500 square feet. L’Auberge Del Mar also includes four food and beverage outlets. KITCHEN 1540 seats 128, including 74 indoor seats and 54 outdoor seats and features a California-inspired seasonally-driven menu. Waterfall Terrace is an outdoor venue and offers a casual setting with ocean views. Living Room Bar is open daily and features live music several nights of the week and Bleu Bar is located adjacent to the pool.
The property’s 16,500 square feet of flexible meeting and function space includes six indoor meeting rooms and six outdoor areas. L’Auberge Del Mar also offers the 5,000 square-foot Spa L’Auberge and a fitness center in addition to two tennis courts, an outdoor recreational pool, and a separate lap pool.