EXCLUSIVE: Utah's Dynamic City Capital Bets Big on "Mickey" by Apparently Buying Two Anaheim Hotels for $303 Million

With these two most recent acquisitions, the valuation of Dynamic City's portfolio of hospitality real estate properties far exceeds $1 billion in Assets Under Management (AUM).

In news not previously published in Utah, Provo, Utah-based Dynamic City Capital has purchased two Anaheim, California hotels for $303 million.

With the reporting of this data, Utah Money Watch can now state that Dynamic City's portfolio of hospitality real estate properties are valued far above $1 billion.

Specifically, according to the Orange County Register, The Real Deal, and BISNOW (among others), Dynamic City has acquired two Marriott International properties near the so-called "Happiest Place on Earth," specifically

• The Residence Inn at 640 West Katella Avenue, and
• The SpringHill Suites at 1801 South Harbor Boulevard.

Both hotels are located within minutes of the Disneyland Resort and the Anaheim Convention Center (obviously in Anaheim).

The Residence Inn at Anaheim Resort/Convention Center (as it is formally named on the Marriott website), was built in 2016 and holds 294 rooms/suites. {See photo above.}

Conversely, the SpringHill Suites at Anaheim Resort/Convention Center, as it is formally named on the Marriott website, was built in 2016 and has 174 rooms/suites.

It's also directly adjacent to the Anaheim Convention Center. {See photo above.}

Both properties were apparently purchased by Dynamic City from T2 Hospitality, a Newport Beach, California-based hospitality real estate management and development company.

Getting to $1 Billion and Beyond: A Brief Overview of Dynamic City Capital

With roots that trace back to 1991 when its predecessor organization became a franchisee of Marriott and built the first Marriott-branded hotel property in Utah, Dynamic City has now become one of the leading hospitality real estate development firms in the state.

Not counting Dynamic City's two newest portfolio properties in Anaheim, the Dynamic City website highlights 18 separate hotels it already owns, with

• Six in California,
• Four in Utah,
• Three in Florida,
• Two in Washington, and
• One each in Arizona, Colorado, and Nevada, respectively.

Of Dynamic City's six California properties that are listed on its website today, two are also located in Anaheim:

• The Element Anaheim Resort Convention Center (located at 1600 So. Clementine Street), and
• The Anaheim Portofino Inn & Suites (located at 1831 So. Harbor Boulevard),

giving the company four properties near Disneyland.

Based upon our extensive review of a handful of valuations previously published by news outlets regarding past Dynamic City acquisitions, we're quite confident in reporting that the company has a hospitality real estate portfolio far exceeding $1 billion in Assets Under Management (AUM).

Specifically, presuming the reporting is accurate, these seven Dynamic City purchases —

• The $115 million 2021 acquisition of a Residence Inn in Clearwater Beach, Florida (as reported by traded.co);
• The $107 million 2022 acquisition of a Charter Hotel in Seattle, Washington (as reported by Hotel News Now);
• The $74.3 million 2022 acquisition of an AC Hotel in Ft. Lauderdale, Florida (as reported by Silicon Slopes);
• The $105.6 million 2022 acquisition of a Hyatt Place in San Francisco, California (as reported by GlobeSt.com);
• The $120 million 2022 purchases of two Anaheim hotels noted on its website today (the Element Anaheim and the Anaheim Portofino), as reported by The Orange County Business Journal; and
• The $102 million 2023 acquisition of a Canopy hotel in Scottsdale, Arizona (as reported by traded.co); as well as
• The two new properties in Anaheim acquired by Dynamic City (as reported in this story) —

taken in combination, these stories/reports show that the company has spent nearly $925 million since 2021 just to acquire these 9 of the now 20 hotel properties in its portfolio (aka, PortCo).

Given the fact Dynamic City Capital owns 11 additional hospitality real estate properties, it is quite clear to this journalist that the company has an AUM that is significantly higher than $1 billion, even though such information has not been shared publicly by the company previously.

This being the case, congrats to Team DCC for its seemingly overnight, yet long-term, success dating back over three decades.

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