San Diego, CA
San Diego records biggest hotel sale so far this year: $165M
In what is the single biggest hotel sale so far this year, the 394-room Hilton La Jolla Torrey Pines resort has been acquired for $165 million by a Los Angeles-based investment firm that owns no other hotels in San Diego.
JRK Property Holdings, a real estate company that focuses largely on multi-family housing, was drawn to San Diego because of its stature as a lucrative hospitality market. But the real draw was the Hilton property, given its highly desirable location near the coast, said executive Shaan Bhatia.
It also helped that JRK had $350 million in investor money still sitting in a separate hospitality fund waiting to be spent.
“The Hilton was on the market, and we’d been hunting,” said Bhatia, who is head of hotel investment for JRK. “San Diego is in our view one of the major growth markets, and there’s a very strong life sciences corridor next to this hotel that makes this a very strong long-term bet to make. It’s also in a sub-market where there’s no new supply coming in.”
While the hotel’s last major renovation was a decade ago, there have since been “patchwork” refreshes, Bhatia said.
The hotel, with rooms overlooking the Torrey Pines Golf Course and Pacific Ocean, continues to do well financially, but JRK still plans to eventually invest $30 million in property upgrades, although those specific plans have yet to be finalized, Bhatia said.
“Over time, the property will need some level of upgrade, particularly the rooms,” he conceded. “But the property still performs extremely well and outperforms almost all of the local competitors in the aggregate because of its location and brand. We’re working through our plan right now but over time there should be a relatively comprehensive renovation.”
Selling the hotel was Braemer Hotels and Resorts, which noted in a news release that the sale enabled it to pay off the last of its remaining debt maturities in 2024. JRK will not own the resort property itself as the Hilton Hotel sits on city-owned land. There are 63 years remaining on the hotel’s lease with the city, Bhatia said.
While JRK used a portion of its hospitality fund to help finance the Hilton purchase, a loan was still needed, Bhatia said. High interest rates have been a key factor fueling a downturn in hotel sales statewide. Bhatia, however, pointed out that his firm was able take advantage of more favorable loans via the commercial mortgage-backed security market. In the case of the Hilton acquisition, the company put in one-third equity and took out a loan on the balance, Bhatia said.
With the purchase of the La Jolla hotel, JRK will now own a total of 1,500 hotel rooms, including the Ace Hotel in Palm Springs, the Oceana Santa Monica, five properties in south Austin, and two in San Juan, Puerto Rico, Bhatia said.
Emmy Hise, senior director of Hospitality Analytics for the commercial real estate firm CoStar, pointed out that while the Hilton Torrey Pines is among the priciest sales in the Western U.S., the price paid per room is less than comparable sales in the area.
“The Hilton is the highest-priced hotel transaction in the San Diego market since 2022,” she said, “but the price per key (room) is lower than similar hotel types that traded in the area in the past five years. This is likely due to the needed capital expenditures or required property improvement plans.”
The 35-year-old Torrey Pines property, which at one time was owned by Hilton, last changed hands in 2013 when Braemar purchased it from Ashford Hospitality Trust as part of an eight-hotel portfolio. Ashford serves as the adviser to both the Hospitality Trust and Braemar. The last time the hotel was sold by itself was in 2003 when it commanded a price of $106.5 million.
“When you look at the price they paid per room — $418,000 — that’s still below replacement cost, and it would be extremely difficult to replace this hotel, because of its location and the fact you have to deal with the Coastal Commission,” said Alan Reay, president of Atlas Hospitality Group. “So I think it’s a very good acquisition for the buyer. San Diego is still one of the best performing markets in California.”
Nonetheless, hotel sales in California, Reay said, remain down compared to a year ago, but the decline has more to do with a disconnect between what hotel owners think their properties should sell for and the dollar figure that buyers are willing to pay.
Originally Published:
For The Union-Tribune
Among life’s most magical moments is when you stand quietly in your garden and a hummingbird hovers less than a foot away in front of your face, seemingly taking you in and letting you do the same.
It’s not exactly interspecies communion, but it can feel like communication of some kind. Especially when it happens more than once. Which it can if you have hummingbirds visiting daily because you’ve created a space that welcomes and nourishes them.
Apparently a lot of us in the U.S. have been doing just that. According to Emergen Research, the hummingbirds feed market, which includes nectar solutions, feeders and supplements, was valued at half a billion dollars in 2024 and is expected to reach $1.2 billion by 2034.
But hummingbirds don’t live on sugar water alone, so while hanging some feeders is useful, creating a holistic habitat that provides them with other nutritional and life needs is just as critical.
Keep in mind, caring for hummingbirds is a commitment to maintenance:
• Making sugar water, keeping it fresh and the feeders clean and protected from ants, bees, wasps and other intruders.
• Providing clean water for bathing in sheltered, clean bird baths.
• If possible, growing native plants that not only flower but attract the insects that hummingbirds eat and the spider webs they use to create their little nests.
• You have to keep your cats indoors, too, and be strategic when placing feeders and fountains to protect the birds as much as possible from other potential predators, like hawks.
Creating an ecosystem with food sources
Birds find most of their nutritional needs in nature, explained Dan Payne, owner of Wild Birds Unlimited in Scripps Ranch, which sells feeders, food and other backyard bird gear.
“What we do is supplement their feeding in a way that helps bring them closer to us so that we can see them and enjoy having them in our lives,” he added.
Essentially, he said, what we’re doing is a hobby.
But it’s a hobby that potentially goes beyond satisfying our enjoyment. By creating an ecosystem in our gardens, we’re contributing to the health of our environment. We’re attracting pollinators. Some will do their jobs and fly off. Others become a source of food for hummingbirds and other birds.
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Colorful, tubular blooms of Mexican honeysuckle at McLeod’s home fit the birds’ long beaks. (Luke Johnson / The San Diego Union-Tribune)
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Colorful, tubular blooms of Mexican honeysuckle at McLeod’s home fit the birds’ long beaks. (Luke Johnson / The San Diego Union-Tribune)
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Hummingbirds, said Kelcy Coleman, conservation coordinator with the San Diego Bird Alliance, use nectar for most of their diet, and sugar water is a great replacement for that if you don’t have native plants.
“But they eat protein for a complete diet,” she noted. “They feed on small, tiny little bugs, and especially during breeding season, they will feed the bugs to their chicks, so the chicks will have more protein and grow faster. They also need shelter plants, like bushier plants or trees, to be able to rest on, as well as build nests, so a layer of habitat.
“What I mean by a layer is blooming and flowering plants,” Coleman added, “And then, bushes or coastal sage scrub habitat, where the bushes are taller than the smaller plants, and then sporadic trees as well.”
Native plants are recommended for several reasons. You’ll have more success with plants that prefer the soil and climate where they naturally grow. Many have low water needs. Wildlife is dependent on them for food and shelter. And if you plant natives, you’re connecting your habitat with others, including in our canyons and fields, giving the birds a broader home base.
Making plant choices
What native plants are we talking about? The most often mentioned is the California Fuchsia (Epilobium canum), with its brilliantly colored tubular flowers — designed for those long hummingbird bills. Coleman also recommended Dudleya, a succulent that flowers from spring to midsummer, again with vibrantly colored tubular flowers.
Then there are monkey flowers: The bush monkey flower has orange and yellow blooms, while red bush and scarlet monkey flowers, of course, have red, trumpet-shape flowers.
Others suggested to me were coral bells and Western columbine.
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Fuchsia-flowering gooseberry (Ribes speciosum) at Anstine Nature Preserve, seen during a nature walk, is a plant that attracts hummingbirds. (San Diego Bird Alliance)
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Fuchsia-flowering gooseberry (Ribes speciosum) at Anstine Nature Preserve, seen during a nature walk, is a plant that attracts hummingbirds. (San Diego Bird Alliance)
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If you’re sensing a pattern, you’re right, hummers have great vision and are drawn to bright colors, especially reds. (That’s why the most popular hummingbird feeders are red.) So a good way to attract more hummingbirds is to grow native plants that have those brilliantly colored flowers. You can find them at nurseries across San Diego County.
A good source for finding both plants for your specific needs and nurseries that sell them is the Calscape website, calscape.org. Also, advised Coleman, try to choose plants that bloom in succession. Anna’s and Allen’s hummingbirds are species that tend to be year-round residents in San Diego, instead of migrating, so we need to have a variety of plants that can bloom throughout the year.
And don’t have anything to do with pesticides. Use the bugs to your advantage: They’re the food that hummingbirds — and other birds — need as part of their diet. You don’t want to poison what you’re working so hard to attract.
All this may lead you to think that if you don’t have an in-ground garden, you can’t attract and keep hummingbirds. Renee McLeod, a Certified Access Birding Outing leader who leads tours for the San Diego Bird Alliance and inclusive tours with EveryBody Birds San Diego, would beg to differ.
McLeod and her husband’s outdoor space is a large deck, which she’s outfitted with several feeders, a couple of birdbaths, platform feeders for other birds and some flowering shrubs. Not only does she get visits from hummingbirds throughout the day — although mostly in early morning and at dusk — there are times when more than half a dozen hit the bar together.
Over the years, McLeod has changed feeder types as she realized they were harder to clean, were getting moldy or were hard to fill.
“When we first started, we were using purchased powdered food, and we stopped doing that pretty quickly,” she said. “That stuff is not good at all, and just the regular sugar is great.”
In fact, you may find something called electro nectar for sale, with ingredients such as sucrose, potassium sorbate, citric acid, sodium bicarbonate and potassium bicarbonate.
“I don’t think we need to feed birds anything except for just the sugar,” said McLeod. “They get all the rest of their stuff from tiny little gnats. In fact, when they’ve got a lot of babies, and we go to empty the feeder, it’ll have all these little, tiny gnats and bugs inside, and that’s because they’re dipping their beaks into the nectar with them into the feeder, and then going to feed the babies.”
Choosing a hummingbird feeder
How do you choose the right feeder? According to Mark Hocking, the former owner of California Backyard Birds in Encinitas (who still works there part-time), try to buy a feeder that has at least some red on it.
“They see red at farther distances, and it tends to be their favorite color,” he said. “You want to buy a hummingbird feeder that’s easy to clean, because you want to clean it thoroughly, and you want to clean it every third day, and to get all that gunk out of there. The sugars ferment and that’s bad for the bird — and it ferments faster in hot weather.”
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McLeod recommends a simple-to-make sugar water solution for the feeder, using granulated sugar, not powdered food. (Luke Johnson / The San Diego Union-Tribune)
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McLeod recommends a simple-to-make sugar water solution for the feeder, using granulated sugar, not powdered food. (Luke Johnson / The San Diego Union-Tribune)
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Look for feeders that have large necks that allow you easier access to clean inside. Try to find ones that have raised ports, not ones with replaceable flowers, because mold can get trapped in them. The ones with yellow flowers on the ports are also said to attract bees and wasps, so skip them.
And look for units with water moats, either built into the feeder or that you can hang the feeder from. They prevent ants from crawling in. Just remember to keep the moat filled with water.
Cleaning the feeder
You’ll need scrub brushes to get inside the bottle for cleaning. There are different opinions on how to clean. Some experts suggest using distilled white vinegar, others a 9-to-1 ratio of water and household bleach. McLeod said she’s been cleaning her feeders for years with dish soap.
“I think the thing is to wash them,” she said. “The big thing is you don’t really need to disinfect them unless they get full of mold.” Examine for black dots inside and around the feeder. That could be mold.
Also scrub the threads of the bottle neck, the feeder section and its threads, as well as the ports. You can find tiny brushes that look like mascara wands to clean inside the ports. Rinse it all thoroughly and dry.
Filling the feeder
Once the feeder is cleaned and prepared, fill it with a solution of 1 cup water to a quarter-cup of granulated sugar (not powdered sugar, and not honey). The easiest way to dissolve the sugar is to measure and boil the water in a kettle and add it to sugar in a bowl. Stir and let it come to room temperature before filling your feeder.
When you start out, just fill partway to get a sense of how many birds you’re feeding to avoid wasting the sugar water. One way to expedite feeding is to make a larger batch and store that in the refrigerator for up to a week. But again, bring the sugar water to room temperature before filling the feeder.
Placing the feeder
There are a few factors to keep in mind when selecting a spot to hang feeders: sun exposure, territorial behavior and safety.
“If you’re looking at a small space, keep it away from windows, because bird strike is a very common issue when they go into a feeder and they don’t realize how close that window is,” said Hannah St. John, conservation assistant with the San Diego Bird Alliance and coordinator for the 11-acre Anstine Nature Preserve in Vista. “There are decals you can put on windows so birds register it’s actually a solid surface.”
She added that if possible, keep feeders in the shade to keep the nectar from fermenting. If you put up multiple feeders and you find that you have territorial male hummingbirds (they’re the ones with all the color), place feeders as far from each other as possible and even blocked from one another.
Considering water needs
Another crucial component for hummingbirds is a clean water source. According to St. John, they enjoy water, not just for drinking, but also baths.
“Hummingbirds also might get pollen on their feathers, so maybe that’s a way to clean themselves off, but most birds do enjoy taking baths, and so they’ll splash around a bit, and then that will kind of help them realign their feathers, and they usually preen after a quick bath.”
Some birds will come to still water, but moving water is attractive. Buy a fountain or place a small solar fountain in a flower pot saucer filled only an inch or so. Add rocks for perching. And clean it weekly to keep it free of debris and algae.
Most of your setup will start as trial and error. It takes patience when you start — and even as you continue. You may get a single hummingbird for a while, then a couple and then, hopefully, more. Then not as many for a few days. If there are males, you’ll see them driving off other males to protect what they see as their territory. Some may not return.
Some weeks you’ll need to fill the feeders daily and then think, “Where did they go?” But stick with it. You’re both witness to wildlife in all their behaviors — and because hummingbirds seem to be very tolerant of people, you can get truly up close and personal with them.
If you’ve been putting off a proper reset, consider this your nudge. Rancho La Puerta – the iconic fitness resort and spa nestled in the hills of Tecate, Baja California – has once again claimed the top spot on Travel + Leisure’s World’s Best Awards list, earning the No. 1 ranking for International Wellness Retreat in 2026.
Eight Times at the Top
The Ranch doesn’t just show up on this list – it dominates it. Previous wins in 2013, 2014, 2020, 2021, 2022, 2023, and 2024 have earned it a hall of fame distinction in Travel + Leisure’s history.
Rankings are based on reader ratings across rooms and facilities, location, service, food, and value, so this is real-world validation straight from the people who’ve been there.
A Week at the Ranch
Set across 4,000 private acres of gardens, mountains, and meadows, The Ranch runs on a weekly stay format designed to help you slow down, move, and reconnect. The fitness program is broad – yoga, Pilates, strength training, water aerobics, Tai Chi, and guided hikes across more than 40 miles of trails.
Three onsite health centers handle the spa side, offering a full range of treatments and therapies throughout the week. The food earns its own mention: nourishing, pescatarian-style cuisine built around fresh produce from the Tres Estrellas Organic Farm right on the property.
Rooted Since 1940
The Ranch was founded by spa pioneers Deborah Szekely and her late husband Edmond Szekely – two of the people most credited with shaping the modern wellness resort as we know it.
That foundation is still very much alive here: a focus on nature, community, movement, and nourishment that has kept people returning for decades.
See you there!
Rancho La Puerta has been drawing people in and keeping them coming back for over 80 years. Your first visit – or your fifteenth – awaits.
🎟️ Book your stay here
ℹ️ Find more details here
See you there, San Diego!
Sempra, the San Diego-based Fortune 500 energy giant, announced changes in the executive suite that the company says reflect greater focus on its holdings in the utilities sector.
Chief Financial Officer and Executive Vice President Karen Sedgwick will become the chief executive officer and president of Southern California Gas, one of Sempra’s subsidiaries.
She will be replaced by Justin Bird, who is currently the CEO of Sempra Infrastructure, the company’s subsidiary in Houston that builds, operates and invests in projects such as liquefied natural gas, or LNG, facilities.
The appointments come in the wake of a $10 billion agreement announced last fall between the Sempra parent company and KKR, one of world’s biggest investment firms. Affiliates of KKR will buy a 45% equity interest in Sempra Infrastructures Partners.
The deal, which is expected to wrap up within the next two months, underscores Sempra’s intention to concentrate the company’s investment strategy on its utility assets in Texas and California.
“This is an exciting time for our company as we continue to advance the growth of our utility businesses,” Sempra’s Chairman and CEO Jeff Martin said in a statement. “These appointments further our mission alignment and strengthen our ability to deliver long-term value for our stakeholders. Our board has great confidence in both Karen and Justin and the leadership they will bring to their new roles.”
Sempra is the parent company of San Diego Gas & Electric, as well as Dallas-based Oncor, a utility that operates the largest transmission and distribution system in Texas. Sempra affiliate SoCalGas, with headquarters in Los Angeles, is the largest natural gas distribution utility in the U.S.
Sedgwick, who has worked at various Sempra companies for more than 30 years, already serves on the SoCalGas board of directors. She replaces Maryam Brown, who left SoCalGas and was named president and chief operating officer of Indiana Michigan Power on April 27.
Bird, with more than 20 years at Sempra, will also lead the company’s investor relations, treasury, financial planning, audit, insurance and tax functions. He will continue serving on the boards of Sempra Infrastructure and Oncor.
Bird and Sedgwick will assume their new roles on or around the closing of the KKR transaction. Last month, Bob Patel was named as incoming CEO of Sempra Infrastructure.
Sempra officials believe the KKR deal will generate “substantial cash proceeds” and support “disciplined capital allocation” by simplifying the company’s business and investment strategy.
The transaction is expected to result in about 95% of Sempra’s earnings to come from U.S. regulated utilities in 2027. The company has set a goal to have 60% of its rate base located in Texas by the end of this decade.
The KKR agreement will result in a reduction in Sempra’s stake in its various LNG investments.
Sempra’s ownership share of the first phase of the Energía Costa Azul facility in Ensenada, Mexico, will be reduced from 58.4% to 20.9%.
On the U.S. Gulf Coast, Sempra’s share of Cameron LNG in Louisiana will be reduced from 35.1% to 12.6%. In addition, its share of the first phase of the Port Arthur LNG project in Texas will drop from 19.6% to 7%, and its ownership of the second phase of Port Arthur will fall from 35.1% to 12.5%.
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