SOLD
Fine Hospitality Group Acquires Hampton Inn & Suites Moreno Valley From Blackstone For $19M
12611 Memorial Way
Hotel
Sold 152 days ago
Summary
Sale
CALIFORNIA
Hotel
The 115-room Hampton Inn & Suites Moreno Valley, located at 12611 Memorial Way in Moreno Valley, has been sold in a transaction worth $19 million. The buyer, Fine Hospitality Group, represented by Ken Pansuria, acquired the property from the seller, Blackstone, represented by Stephen Schwarzman. The sale took place on 12/12/2023 in Moreno Valley's hotel market.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $19,000,000
- Address: 12611 Memorial Way
- Market: Moreno Valley
- Buyer: Fine Hospitality Group - Ken Pansuria
- Seller: Blackstone - Stephen Schwarzman
Fine Hospitality Group's acquisition of the Hampton Inn & Suites Moreno Valley from Blackstone for $19 million signals activity in the Inland Empire's hotel market, despite a slowdown in California's overall hotel deals. The property stands out for its amenities and strategic location near State Route 60 and Interstate 215.
Details
SOLD
IMAGE: Stephen Schwarzman & Ken Pansuria
DATE: 12/12/2023
ADDRESS: 12611 Memorial Way
MARKET: Moreno Valley
ASSET TYPE: Hotel ~ ACRES: 2.4
BUYER: Fine Hospitality Group - Ken Pansuria
SELLER: Blackstone (@Blackstone) - Stephen Schwarzman
SALE PRICE: $19,000,000
KEYS: 115 ~ PPK: $165,217
NOTE: Fine Hospitality Group acquired the 115-room Hampton Inn & Suites Moreno Valley from Blackstone for $19 million, signaling activity in the Inland Empire despite a slowdown in California's overall hotel deals. The property boasts amenities and a strategic location near State Route 60 and Interstate 215.View on map
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Address12611 Memorial Way
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