SAN DIEGO, CA – HFF announced today that it has closed the sale of the Holiday Inn Express Mission Bay (top left photo), a four-story, 87-room hotel in San Diego’s Mission Bay area, and the Comfort Inn National City (middle right photo), a 91-room hotel in the National City area of San Diego.HFF marketed both properties on behalf of C-III Asset Management, LLC, the special servicer for the selling trusts. Local hotel owner, RNM Hospitality, purchased the Holiday Inn Express Mission Bay. Excel Hotel Group was the buyer for the Comfort Inn National City.
The Holiday Inn Express Mission Bay is located at 4610 De Soto Street adjacent to Interstate 5 and close to Sea World, Mission Bay and Pacific Beach.
Renovated in 2010, the property offers guests an outdoor pool, outdoor hot tub, business center, fitness room and laundry facility. Parking is available in a two-story, 78-space garage.
The Comfort Inn National City was renovated in 1997 and features an outdoor heated pool with hot tub and 800 square feet of meeting space. The select service hotel is located at 1645 East Plaza Boulevard close to the U.S. Naval Station, downtown San Diego and the San Diego Bayfront and Marina in the southeastern area of the city.
The HFF team representing C-III Asset Management, LLC was led by managing director Holden Lim (lower left photo) and director Zack Holderman.C-III Asset Management LLC, which is a wholly-owned subsidiary of C-III Capital Partners, is a highly rated Primary and Special Servicer of commercial real estate mortgages for CMBS trusts, institutional lenders and other investors.
C-III Asset Management is the Primary Servicer for approximately $20 billion of performing commercial mortgages and the named Special Servicer for loans in 90 CMBS trusts having an aggregate principal balance of over $118 billion.
Contacts:
Holden Lim, Ca. Lic. # 01328565, HFF Managing Director, (415) 276-6300, hlim@hfflp.com
Zack Holderman, Ca. Lic. #01434957, HFF Director, (858) 552-7690, zholderman@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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