Excel Hotel Group Pays $43.5MM for 146-Room Carlsbad by the Sea Hotel and Associated Retail

(EDITOR’S NOTE: According to a source with knowledge of the transaction, the property was sold to Excel Hotel Group for $43.5 million.) SAN DIEGO, CA –– Berkadia announced today the sale of the Carlsbad by the Sea Hotel, a 146-key independent hotel, the Carlsbad Windmill Building, a 28,400 square feet retail center, and the Chevron […]