Hersha Hospitality Trust has sold the 245-key Courtyard San Diego Downtown hotel located in Downtown San Diego for $64.5 million.
The new owner was a private buyer.
The historic Courtyard San Diego Downtown is a 14-story building featuring a lobby restaurant and a full bar; billiards room; 24-hour fitness center; and various amenities including in-room dining service, same-day laundry and drycleaning service, and valet parking.
The building was constructed in 1927 as the San Diego Trust & Savings Bank. The property was converted to a hotel in 1999 and most recently renovated in 2013. The hotel benefits from atypical Courtyard by Marriott design features, such as the towering 32-foot-high ceilings in the grand lobby along with 35 marble columns from the U.S., Europe and Asia. The hotel maintains nearly 4,800 square feet of meeting space, including the popular Safe Deposit Room boasting the original, 47,000-pound Mosler Safe Company vault door from 1928.
