Sunstone Hotel Investors has dropped plans to buy the 1,625-room Manchester Grand Hyatt in California, US.

The hotel was touted to be one of southern California’s largest hotels.

The company made a $580m bid to acquire the hotel from developer Doug Manchester.

Changes to the terms of the initial agreement by Sunstone was attributed as the reason for the cancellation, according to

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData