Sunstone Completes Purchase of Holiday Inn
SAN CLEMENTE —
Sunstone Hotel Investors Inc., a real estate investment trust that owns upscale and mid-price hotels, said Thursday that it has completed its $18-million purchase of a 289-room, full-service Holiday Inn in La Mirada.
Sunstone’s acquisition of the eight-story hotel amounts to $62,000 per room. The company owns 28 hotels that have a total of 4,212 rooms.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.