News
San Diego Hotel

Blum Capital Pays $228M for Grand Del Mar

San Diego's ultra-luxury resort has a new owner, with Blum Capital Partners picking up a majority stake in the 249-room Grand Del Mar. The five-star resort was rated by TripAdvisor as California's most luxurious hotel in 2014. Grand Del Mar includes a 21k SF spa; eight, two-story villas; and an 18-hole Tom Fazio-designed golf course. Blum paid $228M, according to San Diego Source. Blum also tapped Fairmont Hotels & Resorts to take over management of the hotel and rebrand it Fairmont Grand Del Mar. [SDS]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Diego Newsletters
Related Stories

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Hilton's Q2 Results Barely Beat Wall Street's Expectations

The World Cup Filled Stadiums. Hotel Rooms Were A Different Story

John Malone-Backed MHL Makes Its Biggest Deal In 10 Years

Policy Changes, Shifting Demand And Design Trends: How San Diego's Housing Market Is Faring In 2026

The Dark Night That Made £3B Hotel Giant Surinder Arora

Travel + Leisure To Absorb 23 Resorts In Pair Of Acquisitions

With Most Parcels Spoken For, Superior's 156-Acre Urban Core Nears Full Build‑Out

Northern Virginia's First JW Marriott Residences Sets A New Standard For Luxury Ownership

Bay Area Hotel Market Recovering, But Distress Still Looms

Developer Pays $35M For Arlington Hotel, Plans Conversion

CIM Group Wins Foreclosure Auction For Goodtime Hotel With $100 Bid