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Article: Hoteliers agree to acquire aging Torrey Pines Inn. (Allard Roen, Ted Mellon)
- Article from:
- San Diego Business Journal
- Article date:
- March 5, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hoteliers agree to acquire aging Torrey Pines Inn
A founder of the La Costa Hotel & Spa and his son-in-law have agreed to buy the rustic Torrey Pines Inn from the heirs of the previous owner.
Allard Roen, a wealthy businessman and former co-owner of the chic resort in La Costa, and Ted Mellon, Roen's son-in-law and the current general manager of Torrey Pines Inn, have formed Torrey Pines Resort Limited to acquire the North La Jolla property. The deal, in escrow, is expected to close in April, said Mellon, who declined to disclose the selling price.
Mellon said he and Roen have not decided whether to seek financing on their own or form a joint ...