San Francisco, California – CBRE Hotels is pleased to announce the sale of the Carmel Mission Inn located at 3665 Rio Road in Carmel, California.
Located on California’s scenic Highway 1, the property offers convenient access to local beaches, world-class golf, the charming shops and restaurants of Carmel-by-the-Sea, and the numerous attractions found throughout the Monterey peninsula.
The full-service hotel includes 165 rooms, a restaurant and bar, an outdoor swimming pool and whirlpool, a fitness center, and 4,670 square feet of flexible meeting space.
The Carmel Mission Inn was sold by a private, regional real estate firm to LoganView Capital, a California-based hotel investment group. The new owner intends to renovate and reposition the hotel to capitalize on the current and future strength of the Carmel lodging market.
CBRE Hotels’ San Francisco team, Henry Bose and Mark McDermott, represented the seller in the transaction.
CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com.
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 (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.