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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