hyatt regency orange county
David Nadelman Appointed Area Vice President and General Manager of Hyatt Regency Orange County
Hyatt Regency Orange County | November 17, 2017
ORANGE COUNTY, CA (November 17, 2017) – Industry veteran, David Nadelman has been appointed Area Vice President and General Manager of Hyatt Regency Orange County. In this role, Nadelman is responsible for managing all operations for the 653-room hotel, while also overseeing the operations of six additional Hyatt properties in the Southern California region. "I have watched David grow with the company over the years, and regardless of where he is, David gives his best and achieves great results. We are extremely fortunate to gain a leader with such an incredible track record and an individual who is so passionate about the hospita...
Hyatt Regency Orange County in Garden Grove, California Sold to SCG America, for $137 Million
SCG America | November 2, 2015
Newport Beach, CA – November 2, 2015 -- Maxim Hotel Brokerage is pleased to announce the sale of the 656-room Hyatt Regency Orange County, located on Harbor Boulevard in Garden Grove, California. Maxim Hotel Brokerage represented the purchaser, SCG America. The purchaser is an established and locally based subsidiary of one the largest construction companies in China and the world, with 20 years of experience in the US and significant holdings in NY and the LA area. This acquisition will be a cornerstone of their holdings in the western United States. The property sold for $137 million by United States real estate investment trust...
Xenia Hotels & Resorts Sells 656-Room Hyatt Regency Orange County for $137 Million
Xenia Hotels & Resorts, Inc. | October 28, 2015
ORLANDO, Fla., Oct. 28, 2015 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced that it has sold the 656-room Hyatt Regency Orange County in Garden Grove, California for a price of $137 million. The sale price represents an 11.8x multiple on the hotel's 2015 forecast EBITDA and a 7.1% capitalization rate on 2015 forecast NOI. In addition to the purchase price, the Company retained the approximately $5.9 million balance in the hotel's capital expenditure reserve account. "We are pleased to have completed the sale of the Hyatt Regency Orange County," said Marcel...
