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.