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Blackstone Turns Profit on Sale of 128-Room Property Near Orange County Tourist Attractions

Pacifica Hotels Buys Residence Inn By Marriott in Anaheim for $25.5M
Pacifica's purchase of the Residence Inn by Marriott Anaheim Hills reflects the strong performance of area hotels. Image: CoStar
Pacifica's purchase of the Residence Inn by Marriott Anaheim Hills reflects the strong performance of area hotels. Image: CoStar
CoStar News
January 24, 2019 | 9:25 P.M.

Private-equity giant Blackstone Group LP sold the 128-room Residence Inn by Marriott Anaheim Hills to boutique hotelier Pacifica Hotel Co. for $25.5 million, or more than $199,000 per key, in an example of the strong investor appetite for select-service hotels across Southern California's Orange County.

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News | Blackstone Turns Profit on Sale of 128-Room Property Near Orange County Tourist Attractions