Feb
15

Sunstone Sells Orange County Hotel for $125M

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Renamed The Duke Hotel Newport Beach, the 444-key asset comprises 10 floors, 411 rooms and 33 suites.
The Duke Hotel Newport Beach
The Duke Hotel Newport Beach

Newport Beach, Calif.—Sunstone Hotel Investors Inc. announced the sale of the Fairmont Newport Beach hotel to Marriott for $125 million. Eastdil Secured acted as exclusive advisor to Sunstone on the sale.

Renamed The Duke Hotel Newport Beach, the 444-key asset comprises 10 floors, 411 rooms and 33 suites. Amenities include 17 meeting rooms at 23,498 square feet, a fitness center, tennis court, outdoor pool, spa, a business center, two ballrooms, two restaurants, an airport shuttle and the Bamboo Garden, a 10,000-square-foot outdoor function space that is adjacent to the ballrooms and includes a water feature, fireplace and fire pit. The property is 1.2 miles from John Wayne Airport and 4.2 miles from the Fashion Island shopping center…

Sunstone Sells Orange County Hotel for $125M

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