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Home Finance S3 Hotel Group Buys 149-Room Hyatt House Near John Wayne Airport for $38MM in Irvine
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S3 Hotel Group Buys 149-Room Hyatt House Near John Wayne Airport for $38MM in Irvine

August 4, 20263 Mins read486
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Irvine-based S3 Hotel Group has acquired the 149-room Hyatt House adjacent to John Wayne Airport for $38 million, roughly $4 million below its 2018 price, in a deal analysts say reflects a broader recalibration of California hotel values under the weight of higher borrowing and operating costs.

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