Laurus Completes Doubletree Purchase

The firm plans to reposition the San Diego property, including a major renovation to upgrade the resort. The revamp will include a reconfiguration of the lobby, pool deck upgrade and guest room makeover.

May 16, 2011
By Allison Landa, News Editor

Laurus Corp. has finished its acquisition of the Doubletree Golf Resort in San Diego. The resort is located on 130 acres in the city’s North County area and has more than 18,000 square feet of meeting space along with a 5,500-square-foot health club.

The firm plans to reposition the property, including a major renovation to upgrade the resort. Renovations will include a reconfiguration of the lobby, pool deck upgrades and guest room makeover.

The property was acquired and will be repositioned by SD Golf Resort Partners L.L.C., an investment vehicle formed specificially for that purpose.

Laurus is a boutique-style domestic and international real estate development firm specializing in hotels and resorts, master-planned communities, mixed-use properties, multi-family and office buildings.