Five-Property, California Coast Hotel Portfolio And The Marshall House For Sale

Jones Lang LaSalle Hotels has been selected to arrange the sale of a six-property, upscale boutique hotel portfolio that includes five California coast hotels (four located in Monterey and one in Laguna Beach) and The Marshall House in Savannah, Georgia.

“Both the Monterey and Laguna Beach markets are well established, high-end destinations on the California coast,” said Arthur Buser, Executive Vice President and Head of West Coast operations for Jones Lang LaSalle Hotels. “Through a combination of high land prices and the growth-containment sentiment of local residents as well as the California Coastal Commission, high barriers to entry for new supply exist in these markets resulting in a rare opportunity to own and operate a high-quality hotel portfolio on the California coast largely insulated from supply growth.”