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Warner Springs Ranch sells to San Diego-based hotel management company

 

Last updated 3/20/2013 at Noon



WARNER SPRINGS - The Warner Springs Ranch resort was sold at auction to a San Diego-based hotel management company and will undergo renovations, the buyer announced today.

Pacific Hospitality Group said it will spend $15 million to $18 million to complete the acquisition of the 2,400-acre property in northeastern San Diego County.

The company announced it would spend up to $50 million more to fix up the resort, which went into bankruptcy and closed last year.

The property, which was founded as a working ranch in the mid-1800s and opened as a resort in the 1920s, currently encompasses a 2...



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