The Irvine and San Francisco offices of Colliers International Hotels arranged the transaction on behalf of the seller, DBV Star, LLC, and Elliott & Leatrice Latts.   The buyer was YHB Long Beach, LLC, with Wayne Williams of Wayne Williams and Associates acting as their advisor.

The seller acquired the property in December 2003 and had made substantial upgrades and improvements to the property.  The landmark hotel is recognizable for its 13-story cylindrical tower that overlooks Long Beach Airport and Interstate 405.  The full-service hotel features 222 guest rooms, 5,600 square feet of meeting space, an outdoor swimming pool, and a top-floor restaurant and bar. 

About Colliers International Hotels

Colliers International Hotels has been a premier provider of specialized brokerage and advisory services to the hospitality industry since 1989.  Colliers International Hotels� U.S. practice is headquartered in San Francisco, and expanded to Southern California with the opening of its Irvine office in early 2005.  Colliers International Hotels has additional North American offices in Canada and Mexico, and global offices in Europe, Asia and Australia.  Colliers International Hotels is part of Colliers International, a global real estate firm that provides a full range of services to commercial real estate users, owners and investors in 241 offices in 54 countries.