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December 8, 2010

LaSalle Acquires West Hollywood Hotel

LaSalle Hotel Properties has acquired the 113-room Chamberlain West Hollywood Hotel in California, US, for $38.5m. The hotel will be managed by Outrigger Lodging Services following the acquisition. The property was constructed in 1970 as an apartment building, which was subs

By cms admin

LaSalle Hotel Properties has acquired the 113-room Chamberlain West Hollywood Hotel in California, US, for $38.5m.

The hotel will be managed by Outrigger Lodging Services following the acquisition.

The property was constructed in 1970 as an apartment building, which was subsequently converted to an all-suite hotel and repositioned as the Chamberlain West Hollywood hotel in 2005.

The property underwent a $4.5m renovation of its guestrooms, bathrooms, corridors, rooftop pool area and lobby from December 2009 to July 2010.

LaSalle Hotel Properties is a multi-operator real estate investment trust that owns 35 upscale full-service hotels in the US.

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