May 29, 2018
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HOSPITALITY: $415M value estimated for Sheraton
Newport Beach-based hospitality investor Eagle Four Partners is the latest local name taking notice of Colorado’s red-hot hotel market.
Dealmaker for hotel owner-operator… PHG leads buyer groups, runs facilities … 2017 sold Bacara Resort, Goleta, to two nontraded REITs … sources say $300M price, plus … paid $185M 2013, plus $27M upgrades … PHG high-end includes HB Pasea, Balboa Bay Resort … owns AC Hotels in Irvine, Tempe, New Orleans … PHG in planning on 50%+ expansion, flagship Meritage Resort & Spa, Napa