Regions West
Nov 4, 2008
Ownership of the Hyatt Regency Orange County in Garden Grove, Calif., changes hands as Inland American Lodging Advisor Inc. acquires the 654-room hotel from Ashford Hospitality Trust. The 17-story property, which has undergone an aggregate $48 million in upgrades and expansions over the last seven years, occupies a 13-acre parcel at 11999 Harbor Blvd., just three blocks from Disneyland and a half-mile from the Anaheim GardenWalk, an upscale 500,000-square-foot lifestyle entertainment center being developed by Excel Realty. Molinaro Koger marketed the property, which garnered international attention, drawing in hopeful investors with its ongoing RevPAR growth and a location in a thriving hospitality market. The hotel will continue to carry the Hyatt Regency flag, and will be managed by Global Hyatt Corp. under a long-term agreement.
Ownership of the Hyatt Regency Orange County in Garden Grove, Calif., changes hands as Inland American Lodging Advisor Inc. acquires the 654-room hotel from Ashford Hospitality Trust. The 17-story property, which has undergone an aggregate $48 million in upgrades and expansions over the last seven years, occupies a 13-acre parcel at 11999 Harbor Blvd., just three blocks from Disneyland and a half-mile from the Anaheim GardenWalk, an upscale 500,000-square-foot lifestyle entertainment center being developed by Excel Realty. Molinaro Koger marketed the property, which garnered international attention, drawing in hopeful investors with its ongoing RevPAR growth and a location in a thriving hospitality market. The hotel will continue to carry the Hyatt Regency flag, and will be managed by Global Hyatt Corp. under a long-term agreement.
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June 09, 2009
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