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12/20/12
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The Golden Door Spa, a 41-room luxury spa resort situated on 377 acres in San Marcos, just sold for $24.8 mil, free and clear of existing debt. Located approximately 40 minutes north of downtown San Diego, the Golden Door Spa was founded in 1958 and rebuilt in 1975.
The award-winning, Japanese-inspired resort pioneered the development of the spa industry in the United States and provides all-inclusive, customizable programs with a focus on holistic wellness to its guests. This exclusive resort features 20 miles of hiking trails, expansive indoor fitness areas, a tennis court, swimming pool and jacuzzi, water therapy pool, Japanese bathhouse and archery range in addition to a 122-acre avocado orchard and organic vegetable and fruit gardens.
The transaction also includes ownership of The Golden Door brand and future resort expansion opportunities. An HFF team led by senior managing directors Dan Peek and Bill Stadler, managing director Scott Hall and real estate analyst Alexandra Lalos, represented the seller in the deal.
“We are extremely pleased to have participated in this unique offering of one of the most well-known destination spa resorts and wellness brands in the world. The property provided an attractive opportunity to investors not only because of its excellent reputation as a leader in the industry but also because of the expansion and redevelopment opportunities it offers,” commented Peek.
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