IRVINE, CA—Hyatt Development has acquired a hotel site entitled for a 170-guestroom extended-stay hotel here for an undisclosed price from LBA Realtya full-service real estate investment and management company. The site, located at the Campus at Main Corporate Center, is nearest to the Orange County Airport submarket. 

Michael Blahosky, SVP in HREC Investment Advisors‘ Los Angeles office, exclusively represented LBA Realty in the transaction. “There were a number of unexpected challenges that caused many delays along the way,” he says. “The seller and buyer are to be congratulated for staying committed to getting this deal done in spite of the setbacks.”

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