T2 Hospitality Development purchased a 1.25-acre parcel at 725 S. Fair Oaks Ave. in Sunnyvale, CA for $5.55 million.
The Newport Beach, CA-based hospitality developer plans to build a new 187-room, five-story AC Hotel at the location, which formerly housed a restaurant.
Bruce Frazer, Bob Quigley and Randol Mackley of SRS Real Estate Partners served as dual agents in the transaction.