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Credit crunch impeding S.D. firm's effort to buy iconic La Valencia Hotel (San Diego Union-Tribune)

Story date: 2008-05-16 03:13:38
Added on: 2008-05-16 03:23:20


La Valencia, the historic La Jolla hotel known as the Pink Lady, could end up being left at the altar by its current suitor. The credit crunch has made it difficult for American Property Management Corp., a San Diego hotel owner and operator that has an agreement to buy the 115-room hotel, to finance the deal.


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