An affiliate of San Diego-based Hotel Investment Group has acquired the 157-room Marina Inn hotel in downtown San Diego for $9.5 million, the company announced.
The sellers of the property, at 929 W. Grape St., were Phyllis E. SanFillippo Revocable Trust and SanFillippo Revocable Family Trust of San Diego.
A company statement said Hotel Investment Group plans to redevelop the property as a 157-room boutique hotel.
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