Ascendant Capital Partners Acquires Embassy Suites by Hilton San Diego La Jolla

January 13, 2026

Ascendant Capital Partners purchased the 340-room Embassy Suites by Hilton San Diego La Jolla from BioMed Realty (owned by Blackstone) for $111 million. Ascendant plans roughly $20 million of renovations to modernize guest rooms, meeting spaces and public areas; BioMed said the sale reflects a shift in focus to other redevelopment projects.

Buyers
Ascendant Capital Partners
Targets
Embassy Suites by Hilton San Diego La Jolla
Sellers
BioMed Realty, Blackstone
Industry
Real Estate
Location
California, United States
Transaction Type
Divestiture

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