New Owners For Hilton Irvine/Orange County Airport
The Hilton Irvine/Orange County Airport just sold to Infinity Realty Advisors for $55M.
Holliday Fenoglio Fowler arranged the financing and closed the sale of the 306-room property at 18800 MacArthur Blvd for DiNapoli Capital Partners.
Infinity bought the hotel free and clear of any existing debt.
The 10-story hotel recently underwent a huge reno that included upgrading the guest rooms and increasing the room count, according to GlobeSt.com.
The property also has a fully equipped fitness center, a business kiosk, a heated outdoor pool, a whirlpool, 414 parking stalls and a restaurant, the Aura Bar & Grill.
HFF will service Infinity's loan, which is a 10-year, fixed-rate acquisition loan with Goldman Sachs Mortgage Co.
The HFF investment sales team led by managing directors Scott Hall, James Escarzega and Tony Malk repped the seller.
The HFF debt placement team's managing director, James Fowler, repped Infinity Realty Advisors. [GS]