Long Beach’s Douglas Park Courtyard Hotel Trades Hands
The Courtyard Long Beach Airport hotel has been acquired by Harbor Hotels LLC, an affiliate of Cornerstone Hotel Group LLC for an undisclosed amount. The 159-room Marriott International Inc. flagged property is located at 3841 North Lakewood Blvd. in the heart of Douglas Park.
CBRE’s Rod Apodaca represented the buyer, an Arizona-based high net worth family investor group. The seller was franchised owner Mach II Chartres Long Beach.
“The Long Beach hotel market has been doing very well,” said Apodaca. “This hotel is in an exceptional location, plus the quality of the Marriott brand was a major factor in the buyer’s decision-making process. The combination of these factors has contributed to the hotel’s preeminent position in the market.”
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