2 Hotels Change Hands
Facing a bad economy at home and a hot hotel market here, two Japanese investors recently sold suite-style hotels in Orange County in separate deals, their sales agent said Thursday.
“Orange County, especially the Anaheim hotel market, is hot as a pistol,” said Richard Mandel, president of Kennedy-Wilson International Inc., the Santa Monica-based company that handled the sales.
The 200-suite Marriott Residence Inn in Anaheim was bought for about $24 million by a Taiwanese group, Kennedy-Wilson said. Hotel manager Sue Cooke said Tanaka International had sold the property near Disneyland to Holiday Gardens S.F. Corp.
Washington Suites Hotel in Orange, with 123 suites, was sold for about $14 million, Kennedy-Wilson said. Manager Melissa Bagley identified the seller as Haruyoshi USA Corp. and the buyer as Windsor Capital Group in Los Angeles.
