Real EstateAcquisitionsEagle Four Partners and Lyon Living Acquire Newport Beach Marriott

Eagle Four Partners and Lyon Living Acquire Newport Beach Marriott

NEWPORT BEACH, Calif. — Eagle Four Partners, LLC, and Lyon Living recently announced their acquisition of the Newport Beach Marriott Hotel & Spa in Southern California. Situated on 10 acres, the hotel has 532 guestrooms and 32,000 square feet of indoor and outdoor venues with views of the Pacific Ocean, Newport Harbor, and the adjacent Newport Beach Country Club. The Newport Beach Marriott Hotel & Spa is located in Newport Center, which has more than 3 million square feet of Class A office space, and is adjacent to Fashion Island, a shopping and dining destination with more than 180 retail shops attracting 15 million visitors annually

“As local owners and operators, we are thrilled to be acquiring the Newport Beach Marriott Hotel & Spa and adding it to our portfolio of iconic hospitality and lifestyle residential assets,” said Kory Kramer, partner at Eagle Four Partners. “Being an integral part of the community fabric of Newport Beach, we are dedicated to a transformative renovation in 2021 bringing the hotel to a new level of guest experience and service befitting its location in the heart of Newport Beach.”

“The hotel will complete a comprehensive renovation of both public space and guestrooms including exterior enhancements,” added Peter D. Zak, president and partner of Lyon Living Development Company. “The result adds incredible value not only to the hotel but is accretive to the Newport Center neighborhood and the many businesses in and around Fashion Island.”

Marriott International will continue as the hotel operator, led by veteran general manager Debbie Snavely. “I’m excited to have new owners based here in Newport Beach who have a strong dedication to the local community and a plan to elevate our hotel through a major repositioning,” Snavely said. “We will successfully attract higher-rated leisure and business and group events within the local coastal luxury market. This is great news for Newport Beach.”

Kevin Martin, partner at Eagle Four Partners, added, “Newport Beach is our home. We are proud owners of the Balboa Bay Resort & Club and Newport Beach Country Club. Partnering with Newport Beach-based Lyon Living, we believe our group will transform the Newport Beach Marriott Hotel & Spa into a preeminent community asset for future generations.”

Bob Webster and Michael DiPrima of CBRE Hotels advised both the seller, Host Hotels, and the buyer on the transaction. Pillsbury Winthrop represented as buyer’s counsel and Latham & Watkins represented as seller’s counsel.

 
 


Subscribe to Lodging Daily News for updates.

SUBSCRIBE

RELATED ARTICLES

CoStar: U.S. Hotel Industry Continues to Report Negative Yearly Comparisons

ARLINGTON, Virginia—The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through July 12. U.S. Hotel PerformanceJuly 6-July 12, 2025Percentage change from comparable...

Charlestowne Hotels Adds Two Hotels to Managed Portfolio

CHARLESTON, South Carolina—Charlestowne Hotels announced the addition of two university-affiliated properties to its portfolio: Granville Inn in Granville, Ohio, and The Inn at Patrick...

Extended Stay America Select Suites Wildwood – The Villages Opens

CHARLOTTE, North Carolina—Extended Stay America announced the opening of the Extended Stay America Select Suites Wildwood – The Villages. Located in Wildwood, Florida, the...

CoStar: U.S. Hotel Construction Fell for Sixth Consecutive Month

ARLINGTON, Virginia—The volume of U.S. hotel rooms under construction decreased year over year for a sixth consecutive month, according to CoStar’s June 2025 data. U.S....

Marcus & Millichap Closes Sale of Sleep Inn Sumter

SUMTER, South Carolina—Marcus & Millichap announced the $3.5 million sale of Sleep Inn Sumter, a 63-room hotel located in Sumter, South Carolina. "We were able...

G6 Hospitality Launches 24/7 Customer Support Service

DALLAS, Texas—G6 Hospitality, the parent company of Motel 6 and Studio 6, announced the launch of its new 24/7 customer support service exclusively for...