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California  + Hospitality  | 

Newport Beach Marriott Sold for $216M, California’s Largest This Year

Newport Beach-based Eagle Four Partners, LLC and Lyon Living acquired the 532-guestroom Newport Beach Marriott Hotel & Spa in Newport Center from Host Hotels reportedly for $216 million. Atlas Hospitality Group reports it is California’s largest hotel transaction so far this year.

A comprehensive renovation of both public space and guestrooms including exterior enhancements are planned for the 10-acre property at 900 Newport Center Dr.

Eagle Four Partners’ Kory Kramer says, “As local owners and operators, we are thrilled to be acquiring the Newport Beach Marriott Hotel & Spa and adding it to our portfolio of iconic hospitality and lifestyle residential assets. Being an integral part of the community fabric of Newport Beach, we are dedicated to a transformative renovation in 2021 bringing the hotel to a new level of guest experience and service befitting its location in the heart of Newport Beach.”

CBRE Hotels’ Robert J. Webster, Michael DiPrima and Diana Simpson advised seller. The CBRE Hotels Debt & Structured Finance team of Mark K. Owens and Bill Grice secured $170 million in acquisition and renovation financing for the buyer.

For comments, questions or concerns, please contact Dennis Kaiser

*Photo courtesy of ewport Beach Marriott Hotel & Spa

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Connect With Eagle Four Partners’s KramerConnect With Lyon Living Development CompanyConnect With CBRE Hotels’ Bob Webster

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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