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Sunday, Jul 21, 2024
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New York Developer Puts New Brand On Diegan

Fifth Avenue Partners has announced that the Setai Group will be the official operator of the Setai San Diego, a boutique hotel formerly known as the Diegan, under construction on downtown’s Fifth Avenue.

The 100 percent condotel has 161 rooms and suites ranging from 400 to 2,700 square feet that are being sold in the high $400,000s to $3.8 million range. Condotels are hotels whose rooms are owned by individuals or parties that use them for a fraction of a year and place them into the regular inventory the remainder of the time. The revenue generated by renting the rooms may be used to offset mortgages.

The newly branded property is scheduled for completion at the end of the year. The Setai Group is a New York-based development firm that specializes in luxury residential and boutique hotels.

, Connie Lewis

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