No, you did not have one too many. That banner went up very recently. It looks like they are converting the Sea Breeze hotel (I think that’s the name) into Condos, “starting from the 180s”!
And yes, it is next door to the Holiday Inn, and is same sort of shape and size – what a great architectural feature! Plus, it overlooks (and hears!) the I-5. Ocean views, close to the ball-park, e-z freeway access….
There are easily 15 floors, and each floor must have at least 10 rooms.