Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, successfully arranged the sale of The Inn at Rancho Santa Fe for $100 million. This luxury boutique resort is located in north San Diego County’s exclusive enclave and features 85 full-service rooms. An institutional investment fund was the buyer for this property which is currently undergoing an extensive renovation with plans to be fully operational by fourth quarter 2021 as one of California’s most preeminent destinations.
Elliot Eichner, a principal and co-founder of Sonnenblick-Eichner commented that they were able to generate interest due to both the quality renovation and lack of franchise or management agreements associated with it. David Sonnenblick added that despite higher interest rates and recessionary concerns there remains a significant amount capital available from both institutional investors as well as private funds for quality transactions such as this one.
