Port approves $570M sale of Manchester Grand Hyatt - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Port approves $570M sale of Manchester Grand Hyatt

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SAN DIEGO (CNS) - Port officials this week approved the sale of the Manchester Grand Hyatt hotel in downtown San Diego.

Developer Douglas F. Manchester is selling the towering 1,625-room hotel to Host Hotels & Resorts for $570 million, according to The San Diego Union-Tribune.

Host Hotels & Resorts previously took over Manchester's neighboring San Diego Marriot Marquis & Marina property. In total, Host controls 104 properties in the U.S. and nine internationally.

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