renaissance los angeles airport
Sunstone Hotel Investors Completes Sale of 502-Room Renaissance Los Angeles Airport for $91.5 Million
Sunstone Hotel Investors, Inc. | December 9, 2020
IRVINE, Calif., Dec. 9, 2020 -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced the sale of the 502-room Renaissance Los Angeles Airport for a gross sale price of $91.5 million, or approximately $182,300 per key. The sale price represents a 12.2x multiple on 2019 Hotel Adjusted EBITDAre and a 6.8% capitalization rate on 2019 Hotel Net Operating Income. The disposition of the hotel furthers the Company's strategy of concentrating its portfolio into Long-Term Relevant Real Estate® and further enhances the Company's liqu...
Reggie Dominique Takes the Helm at Renaissance Los Angeles Airport
Renaissance Los Angeles Airport | October 5, 2016
Dominique brings two decades of hospitality experience to boutique hotel near LAX airport LOS ANGELES, Oct. 4, 2016 -- Renaissance Los Angeles Airport prides itself on encouraging guests to live life to discover, and that conviction strengthens with the recent appointment of a seasoned general manager. Reggie Dominique joined the Marriott family in 1994 and has been a dynamic sales and marketing manager for nearly two decades across various Ritz-Carlton locations, including San Francisco, Palm Beach and St. Louis. Just a few years ago, Dominique transitioned into the operational side of hospitality. "In 2013, I assumed a hotel mana...
