Posts by WAW

https://www.connect.media/newport-beach-marriott-sold-for-216m-californias-largest-this-year/ November 9, 2020 Newport Beach-based Eagle Four Partners, LLC and Lyon Living acquired the 532-guestroom Newport Beach Marriott Hotel & Spa in Newport Center from Host Hotels reportedly for $216 million. Atlas Hospitality Group reports it is California’s largest hotel transaction so far this year. A comprehensive renovation of both public space and guestrooms including…

https://product.costar.com/home/news/393384948 A $216 Million Purchase Is Among Rare Large Deals in Pandemic-Wracked Year By Lou Hirsh CoStar News November 5, 2020 | 3:27 P.M. Host Hotels & Resorts sold its 532-room Newport Beach Marriott Hotel & Spa in California’s coastal Orange County for $216 million, the state’s biggest hotel deal by total price of 2020 that analysts…

https://crenews.com/2020/11/05/host-hotels-sells-newport-beach-calif-marriott-for-216mln/ November 5, 2020 Commercial Real Estate Direct Staff Report Eagle Four Partners has paid $216 million, or $406,105/room, for the 532-room Marriott hotel in Newport Beach, Calif. The Newport Beach investment company bought the property from Host Hotels & Resorts Inc., a Bethesda, Md., REIT that had owned it since 1988. The off-market deal,…

https://www.latimes.com/socal/daily-pilot/news/story/2020-11-05/newport-beach-marriott-hotel-spa-sells-for-216-million-to-eagle-four-partners-and-lyon-living By LILLY NGUYENSTAFF WRITER  NOV. 5, 2020 5:54 PM Host Hotels and Resorts announced Wednesday it sold the 532-room Newport Beach Marriott Hotel & Spa for $216 million. The hotel, which is on Newport Center Drive, was purchased by Lyon Living, a property management company in Newport, and Eagle Four Partners, a private equity firm based…

https://www.ocregister.com/2020/11/04/newport-beach-marriott-hotel-sells-for-216-million/ It’s California’s priciest hotel sale so far in 2020. By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: November 4, 2020 at 6:21 p.m. | UPDATED: November 5, 2020 at 9:54 a.m. The 532-room Newport Beach Marriott Hotel & Spa has been sold for $216 million. Host Hotels and Resorts announced the sale — California’s priciest so far in 2020,…

https://labusinessjournal.com/news/2020/nov/02/beverly-hills-hotel-sells-new-york-investment-firm/ By Hannah Madans Monday, November 2, 2020 EOS Investors has emerged as the buyer of the famed Viceroy L’Ermitage Beverly Hills luxury hotel. News broke in July that the 116-room hotel had a $100 million stalking horse bid but was headed to auction. The auction was later canceled, and the stalking horse bidder, now revealed…

https://therealdeal.com/la/2020/10/30/inside-las-opaque-program-to-house-homeless-in-hotels/ Jose Huizar-tied firm that owns LA Grand Hotel Downtown has been receiving federal tax dollars to participate in Project Roomkey TRD LOS ANGELES / By Matt Blake October 30, 2020 07:30 AM Less than a year ago, black SUVs and international tourists crowded the L.A. Grand Hotel Downtown, a prime property near Walt Disney Concert Hall and the Broad…

https://www.mercurynews.com/2020/10/28/coronavirus-real-estate-bay-area-hotel-loan-woes-intensify/ Big hotels in East Bay, San Francisco, join Silicon Valley hotels with mortgage problems By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: October 28, 2020 at 9:25 a.m. | UPDATED: October 28, 2020 at 3:59 p.m. PLEASANTON — A widening array of loan-related woes have begun to surface for hotels in at least four counties in the Bay…

https://spectrumnews1.com/ca/la-west/business/2020/10/16/despite-pandemic–new-luxury-hotels-open-near-disneyland-in-anaheim BY JOSEPH PIMENTEL ORANGE COUNTY PUBLISHED 9:00 AM ET OCT. 17, 2020 ANAHEIM, Calif. — The new Radisson Blu Anaheim has reserved the 12th floor of the hotel for adults. The 12th floor will feature a rooftop pool and jacuzzi, a full-service restaurant with an exhibition kitchen, indoor and outdoor bars, fire pits, and a seating…

https://therealdeal.com/la/2020/10/20/developers-plan-96-key-koreatown-hotel/ Six-story project proposal comes as LA hotels continue to struggle to fill rooms TRD LOS ANGELES / October 20, 2020 11:50 AM By Dennis Lynch | Research By Jerome Dineen Hotel construction projects in California may be struggling right now, but a pair of Los Angeles developers are looking to the future. A newly-proposed development calls for a 96-key hotel to rise on…

https://www.ocbj.com/news/2020/oct/19/hotel-industrys-lost-momentum/ SIX OPEN IN 2020; FUTURE PLANS IN DOUBT By Katie Murar Monday, October 19, 2020 2020 has been the hardest time for local hotels in recent history, due to the impact of the pandemic on travel, according to longtime industry observers. “California hotels were on a very steep curve in 2018 and 2019 across…

https://www.mercurynews.com/2020/10/19/silicon-valley-hotel-default-loan-coronavirus-slump-real-estate-tech/ Sunnyvale hotel, Mountain View hotel, fall behind on mortgage By GEORGE AVALOS | gavalos@bayareanewsgroup.com | Bay Area News Group PUBLISHED: October 19, 2020 SUNNYVALE — Two hotels in Silicon Valley have defaulted on their mortgages and face murky futures, fresh evidence that the economic woes unleashed by the coronavirus may widen. A mortgage on the hotels, one in…