Tag: hospitality

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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Three Hotels to Open in Summer of 2018
Three Hotels to Open in Summer of 2018

The hospitality industry did not wait to take off in Orange County in this new year.  Irvine-based Pacifica Hotels announced early this year that it had projected plan of operations toward an iconic hotel in Santa Monica; the Irvine Marriott introduced a redesign; developers of a hotel in San Juan Capistrano reported that it would…

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