Fairmont Grand Del Mar

View All Tags
  • Grand Del Mar Joins Fairmont Portfolio Following Sale

    One the area’s best-performing hotels is set to be renamed after Fairmont Hotels & Resorts announced it is taking over management duties of Carmel Valley’s Grand Del Mar resort. Set to be operated under the name Fairmont Grand Del Mar, the hotel switched majority owners recently when noted local developer Douglas Manchester sold a large amount of his shares in the venue. Private equity firm Blum Capital reportedly paid $230 million to become the majority stakeholder, while Manchester will retain a minority interest.

    San Diego 02 April 2015 19:50