Sunstone Buy Finalized
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SAN CLEMENTE — Sunstone Hotel Investors Inc. said it has completed its acquisition of the Radisson Suites Hotel in Oxnard and signed contracts to acquire two additional hotels in Southern California.
Sunstone said it bought the 250-room, all-suite Radisson Suites Hotel in Oxnard from affiliates of ING Barings and Westmont Hospitality for about $15.7 million.
Sunstone, a real estate investment trust, said it also intends to acquire the 180-room Ramada Hotel in Cypress and the 202-room Holiday Inn Harbor View in San Diego for a combined price of $21 million. These acquisitions are scheduled to close next month.
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