Saturday, September 4, 2010

Sunstone’s Deal for Big San Diego Hotel Scuttled

All isn’t sunny in San Diego. Developer Doug “Papa Doug” Manchester’s deal to sell the Manchester Grand Hyatt convention center hotel in San Diego to Sunstone Hotel Investors Inc. is off.

“It happened again,” Papa Doug’s attorney, Michael Levinson, declared in an email sent recently to the San Diego Unified Port District, which owns the land under the Grand Hyatt. “Sunstone made material changes to terms overnight, and we informed them this a.m. that (the) deal is off.”

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