In The News

After 30 years of planning, Leucadia hotel promises ‘barefoot luxury’

(The Coast News – January 31, 2019) A luxury hotel three decades in the making will soon replace the boarded-up Cabo Grill & Cantina on its bluff-top perch overlooking South Ponto Beach near the intersection of North Coast Highway and La Costa Ave in Leucadia.

Fenway Capital Advisors and JMI Realty, which acquired the 4.3-acre site in 2017, began construction earlier this month of the $110-million project tentatively called the “Encinitas Beach Hotel.”  …

Catching A Break

(San Diego Business Journal – January 21, 2019) Back in 1989, some developers had a plan to build a fancy hotel on a seaside Encinitas bluff overlooking the ocean and South Ponto Beach.

Nothing came of it. …

Encinitas bluff-top luxury hotel moves forward after 30 years of delays

(San Diego Union Tribune – January 11, 2019) Developers have finally started construction activity this week on a Leucadia bluff-top hotel project that’s been talked about for decades.

Located just west of La Costa Avenue’s intersection with Coast Highway 101 and part of a site that once contained the Cabo Grill, the 4.3-acre property will become home to a $110 million, 130-room hotel. The luxury hotel, which will have ocean views from all but two of its guest rooms, is scheduled to open for business in November 2020.

It’s been a long time coming. So long that initial plans for the project actually date back to the 1980s, a time before some of today’s adults were born, Fenway Capital Advisors Managing Partner Larry Jackel joked Thursday. …