Day: April 27, 2017

Sunstone Sells Fairmont for $125 Million
Sunstone Sells Fairmont for $125 Million

Hotel REIT Sunstone Hotel Investors Inc. sold its Fairmont Newport Beach for $125 million.  The buyer of this massive deal was not disclosed but is believed to be a China-based entity that is affiliated with Infinity Realty Advisors in Los Angeles. The Business Journal was the first to report that the Fairmont was close to…

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