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California's Top Hotel Sale Hints at Peak Demand Amid Record Tourism in Most-Visited State

Exclusive: Hong Kong Firm Spends $147 Million on Four-Star Hotel
The 417-room Hyatt Regency La Jolla hotel changed hands in San Diego's University Town Center neighborhood. (CoStar)
The 417-room Hyatt Regency La Jolla hotel changed hands in San Diego's University Town Center neighborhood. (CoStar)
CoStar News
July 30, 2019 | 8:19 P.M.

Hong Kong-based GAW Capital Partners bought the 417-room Hyatt Regency La Jolla hotel and adjacent retail space in San Diego for $147 million in California’s priciest hotel transaction this year, a sign the state's growing hospitality market in the nation's most-visited state could be reaching a peak.

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