Host Hotels & Resorts sold its 532-room Newport Beach Marriott Hotel & Spa in California’s coastal Orange County for $216 million, the state’s biggest hotel deal by total price of 2020 that analysts say could have been higher if the pandemic wasn't hammering the hospitality industry.
Host Sale of Orange County Hotel Marks California’s Biggest Hospitality Trade of 2020
A $216 Million Purchase Is Among Rare Large Deals in Pandemic-Wracked Year
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