Sheraton Park Anaheim Goes for $51 Million

Berkadia’s Hotels & Hospitality investment group has completed the $51-million auction sale of the Sheraton Park Hotel at the Anaheim Resort in Anaheim, California.

Berkadia’s Kyle Stevenson arranged the sale through RealINSIGHT Marketplace, with the seller opting to use the auction platform where 14 bidders participated in a two-hour auction event.

According to Stevenson, Anaheim Resort District fundamentals are strong. “Continued growth and development in the area, including the pending opening of one of Disneyland’s biggest new attractions in years with Star Wars: Galaxy’s Edge, made this an opportune time for disposition and a well-timed acquisition for the buyer, as the property is poised to deliver continued value.”

The Sheraton Park Hotel at the Anaheim Resort, located at 1855 South Harbor Blvd., is a 490-room, full-service hotel within walking distance of the Disneyland® Resort parks and near to Anaheim GardenWalk, Angel Stadium and the Anaheim Convention Center.

Photo Credit: Sheraton Park Hotel at the Anaheim Resort

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