Stephen A. Schwarzman Acquires Sunnyvale Hotel For $99M

The recently closed property transaction in Sunnyvale involved a hotel located at 600 West El Camino Real & 606 South Bernardo Avenue. The hotel was sold for a price of $99,000,000. This property has 239 keys and a price per key of $414,225. The buyer of the hotel is Stephen A. Schwarzman, who represents Blackstone Real Estate. The seller of the property is Ashish Parikh, representing Hersha Hospitality Trust.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $99,000,000
• Address: 600 West El Camino Real & 606 South Bernardo Avenue
• Market: Sunnyvale
• Buyer: Stephen A. Schwarzman - Blackstone Real Estate
• Seller: Ashish Parikh - Hersha Hospitality Trust

This transaction involved Stephen A. Schwarzman from Blackstone Real Estate as the buyer and Ashish Parikh from Hersha Hospitality Trust as the seller. The hotel, located in Sunnyvale, was sold for a substantial amount of $99,000,000. This deal included 239 keys, making it a significant acquisition in the market. It is worth noting that the price per key for this hotel was $414,225.