(EDITOR’S NOTE: According to sources familiar with the transaction, the property was sold for $10.5 million, or approximately $308,823 per room.)
SAN DIEGO, CA – Berkadia announced today the sale of El Colibri Hotel & Spa, a 34-key coastal boutique hotel in Cambria, California. Managing Director Scott Hall and Senior Director Aaron Lapping of Berkadia San Diego led the transaction on behalf of the seller, Aliso Viejo-based Pacifica Hotels.
The property was sold to San Diego-based Pacifica Companies.
“El Colibri is well-positioned in a thriving leisure market with year-round appeal,” Hall said. “The quality of this coastal asset and the region’s strong underlying fundamentals combine to create a highly attractive long-term investment thesis.”
Located between California’s coastline and the Big Sur Mountains, the Tuscan-inspired hotel is located adjacent to Moonstone Beach in Cambria. Luxury amenities at the property include the Nest Day Spa, self-pour wine and beer Tap Wall, Tesla charging stations and beach cruiser rentals. The hotel boasts a prime location along the Central Coast, proximate to dozens of local boutiques, the famous Hearst Castle, and Paso Robles Wine Country.