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Home Finance Blackstone Sells 248-Room Residence Inn in Torrance for $54MM as Hotel Investment Strategy Shifts
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Blackstone Sells 248-Room Residence Inn in Torrance for $54MM as Hotel Investment Strategy Shifts

January 9, 20264 Mins read1.3k
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Capital Insight Acquires Extended-Stay Property Near Redondo Beach in Latest Blackstone Hotel Exit Blackstone has divested an extended-stay hotel in Torrance, selling the 248-room Residence Inn by Marriott at 3701 Torrance Boulevard to Los Angeles-based investment company Capital Insight for $53.92 million, or approximately $218,000 per room, according to property records. The transaction closed on […]

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