Investors - JULY 21, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

CBRE Global Investors fund acquires Southern California hotel

by Zoë Wolff

CBRE Global Investors, on behalf of CBRE Strategic Partners U.S. Value 7, has acquired the Irvine Marriott Hotel, according to a statement. The 487-room, 16-story full-service hotel is located in Irvine, Calif., in close proximity to major businesses, shopping and universities.

“The Irvine Marriott’s strategic location and strong brand affiliation make it one of Orange County’s most prominent hotels and position the property for strong REVPAR growth as corporate and transient demand continue to improve,” said John Sauter, a principal with CBRE Global Investors, in a statement.

The property includes a newly renovated lobby, restaurants and lounge, 27,000 square feet of meeting space, a fitness center, pool and parking. CBRE Global Investors plans to make renovations to room finishes and improve the fitness center, pool area, common areas and landscaping.

The hotel was acquired by CBRE Global Investors’ most recent value-ad

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy