CBRE Hotels Arranges the Sale of Crowne Plaza Hanalei

San Diego, California – December 7, 2016  CBRE Hotels announced that it has arranged the sale of the 419-room Crowne Plaza Hanalei located in the heart of Mission Valley ​​at 2270 Hotel Circle North in San Diego, California, for an undisclosed price.

Hanalei Associates LLC, with Multi-Ventures, Inc. as managing member, sold the hotel to a private client of Brighton Management. CBRE Hotels’ Bob Kaplan & Rod Apodaca, senior vice presidents in Newport Beach, represented the seller in this transaction. Brighton will manage the property.

Mr. Kaplan commented, “I am very pleased we were able to secure a buyer who will continue the great Hanalei tradition of quality service and guest experience that this property has offered San Diego visitors for over forty years.”

Situated on nearly ten acres of prime San Diego real estate, the iconic Mission Valley landmark will continue under the Crowne Plaza flag with significant renovations and upgrades planned for the property. The 419-room, full-service Hanalei is strategically located along Interstate-8 and Mission Valley’s Hotel Circle with easy access and proximity to the world-famous San Diego Zoo, SeaWorld, Old Town, Downtown/Gaslamp Quarter and San Diego beaches.

CBRE Hotels is a specialized advisory group within CBRE providing capital markets, consulting, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at​