SAN DIEGO-Sunstone Hotel Investors, an Aliso Viejo, California-based real estate investment trust, has acquired 75% stake in the Hilton San Diego Bayfront. The REIT has paid $475 million to purchase the stake from ING Clarion Partners, a major realty investment management company.
Hilton Worldwide will retain the remaining 25% stake in the 1,190-room hotel and continue to administer the waterfront hotel.For the full story, go to The San Diego Union Tribune.
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