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California  + Los Angeles  + Hospitality  | 

Rockpoint Buys Long Beach Hotel for $85M

Boston-based Rockpoint Group acquired the Westin Long Beach hotel for $84.8 million. The 16-story property was held by a venture that included pension fund Utah Retirement Systems, Atlanta-based Noble Investment Group and Boston-based AEW Capital Partners.

The full-service, 460-key hotel at 333 E. Ocean Blvd. is located near the Long Beach Convention & Entertainment Center. The asset had been acquired by the pension fund group in 2006 from Starwood Hotels & Resorts for $88.4 million.

The deal by Rockpoint puts to end a rumor the hotel was being sold to foreign investors. The Treasury Department was asked by Rep. Alan Lowenthal, D-Long Beach, to determine if that posed a national security risk, since the property is near the port of Long Beach.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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