Leasehold Interest in Hotel Near LAX Sells for $50 Million

Los Angeles Business Journal 11/07/19 Leasehold Interest in Hotel Near LAX Sells for $50 Million By Hannah Madans https://labusinessjournal.com/news/2019/nov/07/leasehold-interest-hotel-near-lax-sells-50-million/   Sunstone Hotel Investors, Inc. has sold a leasehold interest in the Courtyard by Marriott Los Angeles near LAX for $50 million, according to a third-quarter earnings report. The property has 187 hotel rooms. The purchase...

Investors to Pay $249 Million, Just Below Luxury Price, for Midprice West Coast Hotels

CoStar 10/08/19 Investors to Pay $249 Million, Just Below Luxury Price, for Midprice West Coast Hotels REIT, Singapore Sovereign Wealth Fund Partner on Hotels That Can Withstand a Slow Economy By Clare Kennedy https://product.costar.com/home/news/7587818 Real estate investment trust Summit Hotel Properties Inc. is paying top dollar for four West Coast hotels that are relatively modest...

Hilton Leaves His Mark

Los Angeles Business Journal 09/27/19 Hilton Leaves His Mark REMEMBRANCE: LA icon influenced more than hotels By Hannah Madans https://labusinessjournal.com/news/2019/sep/27/hilton-leaves-his-mark/ William Barron Hilton, who died Sept. 19 at his home in Los Angeles at the age of 91, had an outsized impact on the city’s business community. The son of hotel mogul Conrad Hilton, he...