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The Rancho Valencia Resort and Spa in Rancho Santa Fe sold for $15.5 million. It was the largest non-foreclosure hotel transaction recorded locally in the first half of 2010.

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As Hotel Industry Improves, Buyer Interest Rises

REAL ESTATE: 1st-Half Sales Transactions Up About Two-Thirds Locally

As the fortunes of the long-battered hotel industry steadily improve, San Diego County is among the markets riding a significant increase in hotel property sales transactions.

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