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Sunstone Sells Fairmont Newport Beach Hotel for $125M

HFF Arranges $81.3M Acquisition/Bridge Loan for Planned Marriott Renaissance Rebranding
By Justin Sumner
CoStar News
March 14, 2017 | 5:16 P.M.

WJ Newport LLC acquired the 444-room Fairmont Newport Beach hotel at 4500 Macarthur Blvd. in Newport Beach, CA from Sunstone Hotel Investors, Inc. for $125 million, or about $282,000 per key.

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