JRK Acquires La Jolla Hilton for $165M
JRK Property Holdings has officially acquired the Hilton La Jolla Torrey Pines for $165 million. This prestigious property benefits from strong leisure demand and the booming life sciences sector, making it a prime location for both leisure and business travelers.
JRK Property Holdings, a Los Angeles-based real estate investment company, acquired the Hilton La Jolla Torrey Pines through its $350 million Hospitality Fund. The 394-room hotel was purchased from Braemar Hotels & Resorts, which originally acquired the property in 2013. This acquisition highlights the strong demand for leisure travel and the growth of the life sciences sector in La Jolla.
An Unmatched Location
Situated on 11.4 acres adjacent to the renowned Torrey Pines Golf Course, the Hilton La Jolla Torrey Pines offers guests an unparalleled experience. The resort is approximately 15 miles north of downtown San Diego and features three dining venues, an outdoor pool, a fitness center, tennis and pickleball courts, and 65,200 square feet of meeting space. Guests also enjoy exclusive tee times at the Torrey Pines Golf Course, a regular host of PGA Tour events.
The San Diego region saw approximately 30.5 million visitors in 2023, driving hotel occupancy rates up by 5% year-over-year to 73%, according to the San Diego Tourism Authority. The Hilton La Jolla Torrey Pines has outperformed the competitive market in occupancy, ADR, and RevPAR every year since 2016, as noted by global real estate investment bank Eastdil Secured.
The hotel is located in one of the most coveted life sciences corridors in the country, within two miles of the University of California at San Diego, Scripps Research Institute, and the Salk Institute. This strategic location makes it an attractive destination for both leisure and business travelers.
Future Plans and Portfolio Expansion
JRK Property Holdings plans to invest significant capital to enhance the guest experience at the Hilton La Jolla Torrey Pines. This acquisition is part of JRK’s broader strategy to expand its hospitality portfolio, which includes notable properties such as Oceana Santa Monica, a five-property Marriott-flagged portfolio in Austin, Texas, and the Ace Hotel in Palm Springs, California. JRK intends to acquire more than $500 million in additional hospitality assets over the next 12 to 18 months.
We at San Diego Golf Reservations are thrilled to see the Hilton La Jolla Torrey Pines join JRK’s impressive portfolio. This acquisition underscores the continued growth and appeal of the La Jolla and San Diego regions. Whether you’re visiting for leisure or business, the Hilton La Jolla Torrey Pines offers an exceptional experience, with exclusive access to the world-famous Torrey Pines Golf Course.
Want to experience this beautiful property for yourself AND play a round of golf at Torrey Pines Golf Course? Check out our Hilton Stay and Play packages!
