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Avendra Acquires BuyEfficient Purchasing Program

Avendra Acquires BuyEfficient Purchasing Program

ROCKVILLE, Md.—Avendra, a procurement services provider serving the lodging and hospitality industries in North America, has acquired BuyEfficient, an online purchasing program dedicated to serving the hospitality industry, from its parent company, Sunstone Hotel Investors. “This acquisition reflects Avendra’s strength ...

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Sunstone to Acquire Wailea Beach Marriott Resort

Sunstone to Acquire Wailea Beach Marriott Resort

Sunstone Hotel Investors Inc. has entered into a definitive agreement to acquire the 544-room Wailea Beach Marriott Resort & Spa in Maui, Hawaii, for $325.7 million. The company expects to fund the acquisition, in part, with $60 million of common ...

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Sunstone Hotel Investors to Sell Four Rochester Hotels

Sunstone Hotel Investors to Sell Four Rochester Hotels

ALISO VIEJO, Calif.— Sunstone Hotel Investors Inc. announced that it has entered into agreements to sell a four-hotel, 1,222-room portfolio and commercial laundry facility (the Rochester Portfolio) in Rochester, Minnesota for a gross price of $230 million. The four hotels ...

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