Berkadia Closed The $29.49 Million Sale of the 161-Key Holiday Inn Express & Suites in Santa Ana, California
SANTA ANA, CA – February 27, 2023 – Berkadia announced today the sale of the Holiday Inn Express & Suites Orange County – Santa Ana, a 161-key select-service hotel in Santa Ana, California. Managing Director Scott Hall and Senior Directors Spencer Scott and Aaron Lapping of Berkadia Hotels & Hospitality led the transaction on behalf of the seller, Scottsdale-based Glacier House Hotels. The deal closed February 23.
Holiday Inn Express & Suites Santa Ana sold for $29.49 million to Irvine-based Heritage Hotel Group.
“It has been a pleasure to partner with developer Glacier House Hotels on a strategic divestment of their Western US hotel portfolio,” said Scott. “Glacier’s final two hotels are located in Petaluma, CA and Lewisville, TX, outside of Dallas”.
Opened in 2018, the Holiday Inn Express & Suites Santa Ana is a 10-story hotel located in Orange County. The Hotel has convenient access to regional Southern California demand drivers and national attractions including Disneyland, Knott’s Berry Farm, Universal Studios Hollywood, LEGOLAND California and SeaWorld San Diego.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge and experience with the most comprehensive suite of products and services, backed by relentless customer service and support to empower clients to capitalize on the right opportunities at the greatest value. The group serves clients across the country, offering a full set of advisory, investment sales, underwriting and loan origination services and products including Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.