The DoubleTree by Hilton Suites Anaheim Resort Convention Center a 251-room hotel developed by Anaheim-based O’Connell Hotel Group has sold for $62 million to a Newport Beach-based hospitality investor with ties to China.
When Disneyland Resort, Anaheim’s crown jewel, was forced to close in 2020 at the onset of the COVID-19 pandemic, area hotels faced some of the greatest demand losses in the nation. The park system welcomed back its local fanbase in 2021 with the introduction of a new reservation system. Once Disney attendees were more familiar with the park’s new reservation system, which requires advance planning and makes it more difficult to book same-day tickets, leisure demand rebounded, spurring double-digit ADR growth in 2021 and 2022.