Real estate news: Untouched Disneyland-adjacent Days Inn hotel sells for $8.6M
TMG did not identify the buyer, only describing the investor as an Orange County-based real estate syndication group.
The buyer and seller were not identified by Cushman brokers. The buyer, however, was described as a “local resident and investor” in Orange County who executed a 1031 exchange. The property at 8361 15th St. has eight one-bedroom, one-bathroom units and 12 two-bedroom, one-bathroom units. Built in 1963, the building offers an on-site laundry room, updated courtyard and 30 assigned parking spaces.A two-story research and development building at 6 Thomas near Irvine Spectrum has sold for $11 million to MP Biomedicals, according to NAI Capital Commercial.
Irvine-based TMC Hospitality is opening a second boutique hotel under the Drift brand this fall in downtown Santa Barbara. The 45-room hotel in a 1920s building was restyled with a Mediterranean design in partnership with the architecture firm ANACAPA. The 45-room hotel in a 1920s building was restyled with a Mediterranean design in partnership with the architecture firm ANACAPA., is aimed at “social group travelers looking to get off the beaten path.” The hotels will feature minimalistic decor using locally sourced materials, according to the firm.
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