Maxim Hotel Brokerage is pleased to announce the sale of the Courtyard Anaheim at Disneyland Resort.  The 153-room hotel sold for $32,500,000, or $212,418 per room, on September 30 to a Korean institutional investor.  The seller was Chesapeake Lodging Trust, a self-advised lodging real estate investment trust (REIT) focused in investments primarily in the upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations around the country.
The Courtyard Anaheim at Disneyland Resort was a perfect fit for this investor, who was seeking a well-branded, strong performing hotel in one of Southern California's better performing submarkets. The strength and stability of the Anaheim market, as well as strong cash flow and bright outlook for Anaheim with its upcoming 60-year-anniversary were key attributes vital to the sale.  The hotel and market were both showing very healthy RevPAR increases over the past three years, and even during the downturn, Anaheim showed resilience compared to many other markets.
The transaction was completed off-market.Maxim Hotel Brokerage, Inc. has offices in Newport Beach and Las Vegas with a focus on Western US hotel transactions and gaming properties in Nevada. The company was formed in 2002 by Jack Carr (jack@maxim-hb.com) and Harry Pflueger (harry@maxim-hb.com).
Please contact us to further discuss your needs, whether buying or selling.
