Biotech-Focused IQHQ Buys San Diego Hyatt Regency in Rare Hospitality Acquisition

IQHQ acquired the Hyatt Regency in San Diego's UTC neighborhood for more than $216 million. The hotel is next door to an office building, at left, purchased in October 2021 by the biotech-focused REIT. (CoStar)
Deal Comes After Growing Life Science REIT’s $200 Million Office Purchase in Same Mixed-Use Complex