Blackstone has sold an extended-stay, Marriott-branded hotel in Torrance, near Redondo Beach for about $54 million, or roughly $218,000 per key, according to property and business records.
Blackstone’s Matt Vizza, a managing director in the real estate group who handles hospitality assets, signed the deed on behalf of an entity connected to Blackstone in late December.
The buyer of the Residence Inn hotel at 3701 Torrance Boulevard is linked to Los Angeles-based investment company Capital Insight founded by Cobby Pourtavosi.
Neither buyer nor seller immediately responded to a request for comment.
The 248-room hotel is an alternative to vacation rentals and corporate housing and is near shopping center Village del Amo, which DJM Capital Group recently sold to an undisclosed buyer for $108.5 million.
The Residence Inn’s price per room reflects Los Angeles’ hospitality rut, where some hoteliers are defaulting on loans and facing foreclosures amid a decline in tourism that’s flattened revenues. Only a few hotels are beating that trend, such as the oceanfront Surfrider in Malibu. Luxury fashion brand Chrome Hearts, owned by Richard and Laurie Stark, purchased the small Malibu hotel for $37.5 million from Dauntless Capital Partners. It was the priciest per-key deal of 2025 at about $1.9 million a room, and one of California’s priciest per-key deals ever.
Capital Insight owns other hotels and motels throughout Southern California, in Anaheim, Thousand Oaks and Los Angeles, according to its website. That includes the shuttered Four Points by Sheraton, near Los Angeles International Airport, which Capital Insight intends to convert to affordable housing.
Capital Insight’s proposal for the former hotel — three interconnected, mid-century buildings with more than 560 rooms — is to turn it into 572 one-bedroom apartments. Of those, 229 units would be reserved for renters earning up to 80 percent of the area median income.
Beyond the hotel world, Blackstone, early last year, acquired 93 shopping centers across the West Coast, including eight in Southern California when it acquired the Retail Opportunity Investment Corporation for $4 billion.
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