Sunstone Buys Napa, Santa Clarita Hotels
- Share via
Dow Jones
Sunstone Hotel Investors Inc. said it has purchased a Marriott Hotel in Napa Valley for $21 million and a Hampton Inn in Santa Clarita for $8.25 million.
The San Clemente-based real estate investment trust said it will assume about $6.2 million in debt and will issue limited partnership units for the remaining partners’ equity to purchase the Hampton Inn hotel.
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.
