PARTNERS, EAGLE FOUR PARTNERS, NEWPORT BEACH
Locally based private equity group of investors who’ve become the largest owner of hotel and resort properties in Newport Beach. Founded in 1996, firm has participated as the lead equity investor in more than $2 billion of real estate transactions.
THEN: Built collection of Newport Beach assets including Balboa Bay Resort & Club and Newport Beach Country Club, as well as Paséa Hotel & Spa in Huntington Beach.
NOW: Newport Center focus. Team was part of the largest hotel sale in the state in 2020 when it and other investors paid $216 million for the Newport Beach Marriott Hotel & Spa near Fashion Island. That spot is being revamped as a new Marriott-branded project called Vea Newport Beach. In February, completed purchase of another nearby hotel property, the currently shuttered Fashion Island Hotel. Paid Irvine Co. $143.6 million for the 295-room hotel.
FUTURE: Fashion Island Hotel to open next year as a Pendry Hotels & Resorts, a growing luxury boutique hotel line from Irvine-based Montage International, following spots in West Hollywood and San Diego. Ritz-Carlton residences being added to Vea.
IN THEIR WORDS: “We are dedicated to continuously investing in Newport Beach and elevating the hospitality experience of our neighbors and guests,” said Kevin Martin, following the purchase of the future Pendry.
