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August 08, 2018  

Spruced-Up San Diego Hotel on Block

Wheelock Street Capital is marketing a newly renovated Marriott hotel in San Diego that’s expected to draw offers of up to $100 million.The 353-room San Diego Marriott Mission Valley would produce a 6.5% initial annual yield at the estimated valuation of $283,000/room. It’s being offered unencumbered by a management contract, but subject to a franchise agreement with Marriott International of Bethesda, Md. Eastdil Secured has the...

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