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3/22/21
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CH Projects has acquired the historic, 131-room North Park neighborhood for $25.8 mil. The property is located at 2223 El Cajon Blvd, west of I-805 and south of I-8.
The Lafayette Hotel also features an Olympic-size pool and several restaurants and bars. CH Projects plans to restore and update the rooms and add several dynamic food and beverage venues to the property.
The property was sold by Lafayette Landlord LLC, a San Diego-based investment group that was repped by Victor Krebs of Colliers. Krebs also represented the seller in its purchase of the property in 2004. CH Projects was self-represented in this latest deal.
“The Lafayette Hotel has great potential given the period architecture, gracious common areas, beautiful pool and vibrant North Park location. The property generated strong interest from several investors, but CH Projects’ vision met the sellers desire to select a buyer that would continue the legacy of this great hotel,” said Krebs.
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