Eagle Four Partners, a private equity firm, and Lyon Living, a property management company, agreed to acquire the Newport Beach Marriott Hotel & Spa, a leisure and group event hotel, from Host Hotels & Resorts, a real estate investment trust, for $216m. "As local owners and operators, we are thrilled to be acquiring the Newport Beach Marriott Hotel & Spa and adding it to our portfolio of iconic hospitality and lifestyle residential assets. Being an integral part of the community fabric of Newport Beach, we are dedicated to a transformative renovation in 2021 bringing the hotel to a new level of guest experience and service befitting its location in the heart of Newport Beach," Kory Kramer, Eagle Four Partner.