Kalpana LLC of Newport Beach has purchased the 349-room Hilton San Diego Mission Valley hotel for approximately $44.6 million. The seller was HEI Mission Valley LLC, according to data from CoStar Group.

The 14-story property was built in 1988 on approximately 4 acres at 901 Camino Del Rio S.

The acquisition was financed in part with a $39.5 million loan from East West Bank, according to CoStar Group.

-- SDBJ Staff Report