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April 19, 2011

Sunstone Acquires Majority Stake in San Diego Hotel

Sunstone Hotel Investors has completed the acquisition of a 75% stake in the joint venture that owns the 1,190-room Hilton San Diego Bayfront hotel in California, US. The 30-storey property features 15,329m² of meeting space, 4.3 acres of outdoor waterfront events space, a 3,158m&

By cms admin

Sunstone Hotel Investors has completed the acquisition of a 75% stake in the joint venture that owns the 1,190-room Hilton San Diego Bayfront hotel in California, US.

The 30-storey property features 15,329m² of meeting space, 4.3 acres of outdoor waterfront events space, a 3,158m² pillar-free ballroom, a 2,229m² ballroom and 35 individual breakout rooms.

Hilton Worldwide will continue to manage the hotel as the 25% minority equity partner.

Sunstone has also completed the previously announced sale of its 409-room Royal Palm Miami Beach, Florida, for $130m.

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