• California’s Hyatt House Irvine/John Wayne Airport bought by McWHINNEY

     
    POSTED December 10, 2018
     

Colorado-based McWHINNEY recently purchased the Hyatt House Irvine/John Wayne Airport in Irvine, California. The hospitality-focused real estate developer and investor also owns The Maven Hotel at Dairy Block in downtown Denver, The Elizabeth Hotel in Fort Collins, AC Hotel Portland in Oregon and the Hyatt House Denver Airport Hotel.

The 149-room Hyatt House Irvine/John Wayne Airport opened in December 2017 and features 1,160 square feet of meeting space. The hotel’s amenities include free, property-wide Wi-Fi, a 24-hour market, a fitness center, complimentary breakfast, an outdoor pool and access to grills and fire pits. Hyatt Hotels will continue to manage the property post-purchase.

“McWHINNEY is excited to be adding another Southern California hotel to our hospitality portfolio,” says Chief Investment Officer of Hospitality Dave Johnstone. “This new property offers an extensive list of amenities, including a great central location and free airport shuttle service.”

Hyatt House Irvine/John Wayne’s Central Business District location allows for quick access to Disneyland, Knott’s Berry Farm, Laguna and Newport Beaches and John Wayne Airport.

McWHINNEY was founded in 1991 and has since developed more than 6,000 acres of communities and over 6.5 million square feet of vertical commercial and mixed-use properties in the western United States. The company has offices in Loveland and Denver.

Los Angeles had a record-breaking year for visitor spending and economic impact in 2018. With visitor spending up $1.2 billion since 2017 (5 percent increase) and economic impact up $1.7 billion (4.9 percent increase), this year was the eighth consecutive year of growth in visitation, spending and impact.

 

PCMA will be offering networking opportunities and education sessions for professionals at the 2019 EduCon on June 25-28 in Los Angeles. EduCon provides a more focused and practical approach to learning in smaller-scale, collaborative education sessions, allowing more than 800 business events professionals to network and learn more about the industry.

 

The Los Angeles Convention Center (LACC) has partnered with Portraits of Hope (POH) to create a mural designed by local youth POH participants. POH is a nonprofit founded with the purpose of providing creative therapy for hospitalized children. With geometric shapes as the core design element of the project, the mural, "Shaping LA" is representative of the future of the city as told by the work of tomorrow's leaders.