SpringHill Suites in Central California Sells for $25M
ATASCADERO, CALIF. — A Korean investment firm has acquired the 130-room SpringHill Suites Paso Robles Atascadero in Central California for $25 million. The hotel is located at 900 El Camino Real in the Paso Robles wine region.
The four-story property opened in 2015. This is the new owner’s second U.S. investment. The group was attracted to the hotel’s location near the Central Coast and the emerging Paso Robles wine industry.
Hunter Hotel Advisors represented the seller, an affiliate of J Street Hospitality, in this transaction.