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| The Golden Door Spa resort, San Marcos, CA |
The property sold for $24.8 million free
and clear of existing debt.
The Golden Door Spa is located approximately 40 minutes
north of downtown San Diego in Southern California.
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| William Stadler |
Founded in 1958 and rebuilt in 1975, the award-winning,
Japanese-inspired resort pioneered the development of the spa industry in the
United States and provides all-inclusive, customizable programs with a focus on
holistic wellness to its guests.
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| Scott Hall |
This exclusive
resort features 20 miles of hiking trails, expansive indoor fitness areas, a
tennis court, swimming pool and jacuzzi, water therapy pool, Japanese bathhouse
and archery range in addition to a 122-acre avocado orchard and organic
vegetable and fruit gardens. The
transaction also includes ownership of The Golden Door brand and future resort
expansion opportunities.
The HFF team representing the seller was led by senior
managing directors Dan Peek and Bill Stadler, managing director Scott
Hall and real estate analyst Alexandra Lalos.
“We are extremely pleased to have participated in this
unique offering of one of the most well-known destination spa resorts and
wellness brands in the world.
"The
property provided an attractive opportunity to investors not only because of
its excellent reputation as a leader in the industry but also because of the
expansion and redevelopment opportunities it offers,” commented Peek.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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