Snyder Nationwide Real Estate, Inc. and Global Hospitality Resources, Inc. are pleased to announce the sale of the Kona Kai Resort in San Diego, CA by Atlas-Kona Kai, LLC to Westgroup Kona Kai, LLC. The buyer presently owns the Kona Kai Marina and will make multi-million dollar improvements to the hotel and marina. Snyder Nationwide Real Estate represented the buyer, and Global Hospitality Resources, Inc. represented the seller.
The 129-room waterfront resort hotel and conference center is comprised of low-rise, garden-style buildings and offers an unparalleled location at the entrance to San Diego Harbor--certainly the most distinct and prominent location for a hotel and marina in the City.
Jay Snyder stated, “It was important to close this complicated transaction in 2012 due to the tax consequences of three of the parties. A very dedicated team worked tirelessly to complete the transaction in that time frame.”
Snyder Nationwide Real Estate, Inc. is a longstanding, international hotel brokerage company based in Scottsdale, AZ, which specializes in the brokerage of hospitality properties throughout the US with special expertise in high-end, non-branded hospitality properties. For more information, please contact Jay G. Snyder jay@brokerhotel.com or Mark T. Snyder mark@brokerhotel.com or call (480) 344-7500.
