Rockwood Real Estate Advisors Arranges Sale of Pala Mesa Golf Resort in Fallbrook, California

NEW YORK - (BUSINESS WIRE) - Rockwood Real Estate Advisors, a full service real estate investment banking firm, announced today the sale of The Pala Mesa Golf Resort located in Fallbrook, California which is centrally located between the San Diego and Los Angeles MSAs. The four-star rated resort is home to one of the Top Ten Golf Courses in San Diego as ranked by the Golf Digest. AquaTerra, the full service restaurant at the Property, has been voted a Top 10 Restaurant in North County by readers of North County Times. Terry O'Brien, Managing Director at Rockwood's Cincinnati office, worked with Lincoln Property Company to market the property. The buyer purchased the entire resort, inclusive of the 172-acres, for an undisclosed price.

The Pala Mesa Golf Resort has been a regional destination for weddings, corporate retreats, and golf vacations since its construction in 1962. It offers 133 guests rooms across fourteen buildings. With a premier location in sunny Southern California, the Resort is visible from interstates connecting between Los Angeles and San Diego, providing access to a population of over 16 million people in a competitive economic region housing tourism, Fortune 500 companies such as Qualcomm, and institutions of higher education.

Terry O'Brien commented, "The Pala Mesa Hotel and Golf Resort is a very unique asset strategically located in Fallbrook, California. The new ownership may have several opportunities to enhance the property's value in the future, including possible condominium development."