Newport Beach Marriott Sold for $216M, California’s Largest This Year

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...

Host Sale of Orange County Hotel Marks California’s Biggest Hospitality Trade of 2020

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...

Host Hotels Sells Newport Beach, Calif., Marriott for $216Mln

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,...