“As local owners and operators, we are thrilled to be acquiring the Newport Beach Marriott Hotel and Spa and adding it to our portfolio of iconic hospitality and lifestyle residential assets,” Kory Kramer, a partner at Eagle Four Partners, said in a statement. Host Hotels and Resorts said in a news release that the sale was made “subsequent” to the end of the third quarter of this year. 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 in Newport Beach that owns the Pasea Hotel and Spa in Huntington Beach, the Balboa Bay Resort and the Newport Beach Country Club in Newport Beach. Host Hotels and Resorts announced Wednesday it sold the 532-room Newport Beach Marriott Hotel & Spa for $216 million.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |