{"id":5914,"date":"2025-02-24T08:03:32","date_gmt":"2025-02-24T16:03:32","guid":{"rendered":"https:\/\/www.lee-associates.com\/sandiegonorth\/?p=5914"},"modified":"2025-10-08T15:26:17","modified_gmt":"2025-10-08T22:26:17","slug":"former-consulate-hotel-in-point-loma-sold-for-17-4m","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/sandiegonorth\/2025\/02\/24\/former-consulate-hotel-in-point-loma-sold-for-17-4m\/","title":{"rendered":"Former Consulate Hotel in Point Loma Sold for $17.4M"},"content":{"rendered":"<div id=\"pl-5914\"  class=\"panel-layout\" ><div id=\"pg-5914-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5914-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-5914-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>San Diego, CA \u2013<\/strong> February 21, 2025 - The Former Consulate Hotel, located at 2901 Nimitz Blvd. in San Diego\u2019s Point Loma neighborhood, has been sold for $17,400,000. The 110-room hotel, which includes a bar (ABC 47), restaurant, and amenity space, will be redeveloped into a mix of student and market-rate housing by the buyer, Ambient Communities.<\/p>\n<p>&nbsp;<\/p>\n<p>The 63,234-square-foot building, situated on 0.90 acres, was originally built in 1971. The transaction closed with entitlements in place, paving the way for an efficient transition to redevelopment. The sale process spanned two years, reflecting the complexity and due diligence required to secure approvals and finalize the deal.<\/p>\n<p>&nbsp;<\/p>\n<p>The Seller, Noble Legacy LLC, was represented by Lee &amp; Associates, Inc., with Al Apuzzo, Matt Weaver, Alex Bentley, and Brianna Lehman leading the transaction. The Buyer, Ambient Communities, was represented by Rick Wu and Austin Dias of Duhs Commercial.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThis property represents a prime opportunity for much-needed student and market-rate housing in San Diego,\u201d said Al Apuzzo of Lee &amp; Associates. \u201cThe entitlement process was a crucial step in positioning this asset for redevelopment, and we are excited to see Ambient Communities bring new life to the site.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>The redevelopment aligns with the growing demand for diverse housing options in San Diego, particularly in highly sought-after locations like Point Loma. The project is expected to enhance the local housing supply while revitalizing a longstanding property in the area.<\/p>\n<p>&nbsp;<\/p>\n<p>For further details on this transaction, contact Al Apuzzo at Lee &amp; Associates- NSDC.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-5914-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5914-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-5914-1-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-5914\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/people\/?terms=al+apuzzo&#038;broker=16222\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Al-Apuzzo-256x256.jpg\" width=\"256\" height=\"256\" srcset=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Al-Apuzzo-256x256.jpg 256w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Al-Apuzzo-500x500.jpg 500w\" sizes=\"(max-width: 256px) 100vw, 256px\" title=\"Al Apuzzo\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<h3 class=\"widget-title\">Al Apuzzo<\/h3><\/div><\/div><\/div><div id=\"pgc-5914-1-1\"  class=\"panel-grid-cell\" ><div id=\"panel-5914-1-1-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-5914\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/people\/?terms=matt+weaver&#038;broker=16223\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Matt-Weaver-256x256.jpg\" width=\"256\" height=\"256\" srcset=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Matt-Weaver-256x256.jpg 256w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Matt-Weaver-500x500.jpg 500w\" sizes=\"(max-width: 256px) 100vw, 256px\" title=\"Matt Weaver\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<h3 class=\"widget-title\">Matt Weaver<\/h3><\/div><\/div><\/div><div id=\"pgc-5914-1-2\"  class=\"panel-grid-cell\" ><div id=\"panel-5914-1-2-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-5914\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/people\/?terms=alex+bentley&#038;broker=100507\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Alex-Bentley-1-256x256.jpg\" width=\"256\" height=\"256\" srcset=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Alex-Bentley-1-256x256.jpg 256w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Alex-Bentley-1-500x500.jpg 500w\" sizes=\"(max-width: 256px) 100vw, 256px\" title=\"Alex Bentley\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<h3 class=\"widget-title\">Alex Bentley<\/h3><\/div><\/div><\/div><div id=\"pgc-5914-1-3\"  class=\"panel-grid-cell\" ><div id=\"panel-5914-1-3-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-5914\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/people\/?terms=brianna+lehman&#038;broker=114228\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Brianna-Lehman-256x256.jpg\" width=\"256\" height=\"256\" srcset=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Brianna-Lehman-256x256.jpg 256w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Brianna-Lehman-500x500.jpg 500w\" sizes=\"(max-width: 256px) 100vw, 256px\" title=\"Brianna Lehman\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<h3 class=\"widget-title\">Brianna Lehman<\/h3><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>San Diego, CA \u2013 February 21, 2025 &#8211; The Former Consulate Hotel, located at 2901 Nimitz Blvd. in San Diego\u2019s Point Loma neighborhood, has been sold for $17,400,000. The 110-room hotel, which includes a bar (ABC 47), restaurant, and amenity space, will be redeveloped into a mix of student and market-rate housing by the buyer, Ambient Communities. &nbsp; The 63,234-square-foot building, situated on 0.90 acres, was originally built in 1971. The transaction closed with entitlements&#8230;<\/p>\n","protected":false},"author":22,"featured_media":5916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1063,6],"tags":[20,1006,1084,1060,836,21,77,1076,1075],"class_list":["post-5914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-land","category-press-releases","tag-al-apuzzo","tag-alex-bentley","tag-brianna-lehman","tag-land","tag-lee-land-team","tag-matt-weaver","tag-temecula","tag-vineyard","tag-wine-country"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Former Consulate Hotel in Point Loma Sold for $17.4M - San Diego North | Lee &amp; Associates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/sandiegonorth\/2025\/02\/24\/former-consulate-hotel-in-point-loma-sold-for-17-4m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former Consulate Hotel in Point Loma Sold for $17.4M\" \/>\n<meta property=\"og:description\" content=\"San Diego, CA \u2013 February 21, 2025 - 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