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Estancia La Jolla Hotel & Spa — Pebblebrook leasehold acquisition
$108,000,000 · $514,286/key
Pebblebrook acquired the leasehold interest in the 210-room Estancia La Jolla Hotel & Spa on December 1, 2021 for a $108.0 million purchase price. Harbor PPK is $108.0 million ÷ 210 and is a leasehold number — do not apply it as a fee-simple La Jolla rooms deed. The same 8-K names the ground lease with The Regents of the University of California, expiring January 30, 2066. Use the $108.0 million table price, not the $46.0 million cash and not the $62.0 million assumed loan — those are funding, not a second hotel price. Seller unnamed. Not Hotel del Coronado and not Braemar’s Hilton La Jolla Torrey Pines $165 million tape. Jekyll Island Club Resort $94.0 million / 200 is its own tape. The Kimpton Sir Francis Drake $157.6 million net-proceeds line stays off. Older than the 2025–26 blotter cut.
Pebblebrook Hotel Trust Form 8-K, December 1, 2021 (closed December 1)