San Diego Company Invests in Terranea Resort
From The San Diego Union Tribune:
San Diego Company Invests in Posh Oceanfront Resort
JC Resorts, a San Diego hospitality firm that owns the Rancho Bernardo Inn, has invested millions to become an equity partner in a financially troubled, prime oceanfront resort that opened a little more than a year ago in the Los Angeles area. While the terms of the deal to rescue the 102-acre luxury property from foreclosure cannot be disclosed, JC Resorts said its investment in Terranea Resort in Rancho Palos Verdes exceeded $20 million, the most it has spent on any one hotel property. Click here for the full story.
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