Pebblebrook Hotel Trust buys La Jolla, Calif., hotel for $108m

Pebblebrook Hotel Trust has acquired the AAA Four Diamond 210-room Estancia La Jolla Hotel & Spa in La Jolla, Calif., for $108 million. The company retained Noble House Hotels & Resorts to manage this unique and impressive hacienda-style resort.

Estancia, spanning 10 acres, is located in the heart of the affluent coastal La Jolla market. The resort is a short walk from Black’s Beach, located next to the Salk Institute for Biological Studies, and adjacent to the University of California, San Diego. The resort contains 210 guestrooms and suites and more than 50,000 square feet of indoor and outdoor meeting and event space (originally built as a conference center), surrounded by courtyards and gardens, to accommodate leisure travelers, weddings and corporate groups. The resort also features numerous indoor and outdoor dining venues, including Mustangs & Burros, Greenfinch Restaurant & Bar, Haven Bar & Grill, Blend Café and Secret Garden, which serve an arr