Radisson Suites Buena Park – Sold

CBRE Hotels and Reeco Sell Disneyland Area Hotel

Newport Beach, California –​ November 16, 2015 – CBRE Hotels and Reeco have arranged the sale of the 200-room, all-suite Radisson Suites Buena Park located in the heart of the Buena Park Entertainment Zone at 7762 Beach Boulevard in Buena Park, California. Khanna Enterprises Ltd. sold the property to Golden Capital Venture LLC, a subsidiary of INVOBAL Corporation. The buyer will operate the hotel as the Radisson Suites Anaheim-Buena Park and plans to introduce improvements that will enhance the level of service and comfort delivered to business and leisure travelers. 

The full-service Radisson Suites Buena Park is walking distance to Knott’s Berry Farm and close proximity to the Disneyland Resort Area and the Anaheim Convention Center. The hotel benefits from the greater Disneyland lodging market as it is one of the premiere travel destinations in the country and continues to show outstanding growth.

Bob Kaplan and Rod Apodaca, Senior Vice Presidents for CBRE Hotels in Newport Beach, represented the seller and Daniel Shaunt of Reeco represented the buyer in this transaction. 

According to Mr. Kaplan, “An all-suite product in the heavily leisure Buena Park/Anaheim Resort market will continue to be in high demand, and I would expect the Radisson Suites to continue to do well under new ownership.”

CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 375 dedicated hospitality professionals located in over 65 offices across the globe. For more information, please visit our website at www.cbrehotels.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

About INVOBAL Corporation
INVOBAL Corporation is a privately-held real estate investment company led by Hieu Minh Bui. Mr. Bui is responsible for the U.S. operations of the Bui family’s international real estate development and hospitality ventures. Their international portfolio is composed of holdings in retail, office, multi-family and hospitality, including Vietnam’s premier luxury hotel: The Golden Central Hotel in Saigon.

About Reeco
Reeco is a fast-growing real estate company that provides brokerage services for residential and commercial properties from its offices throughout California. The Company adds value for its clients through its expertise in energy and environmental sustainability. In 2015, Reeco successfully debuted its proprietary online platform for incorporating energy savings into residential transactions. A similar service for commercial real estate is anticipated in 2016. www.ReecoInc.com.