Vesta Hospitality has paid $58 million, or $610,526/room, for the 95-room Surfsand Resort in the resort city of Cannon Beach in northwestern Oregon in a deal arranged by Sonnenblick-Eichner Co. The brokerage also arranged a $40.6 million acquisition loan from First Interstate Bank. Vesta, a Vancouver, Wash., hotel company, bought the 56-year-old property, at 148 […]

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