LaSalle Hotel Properties has acquired three luxury hotel properties in the US for a total of $292.5m.
The hotel chain acquired the Hotel Monaco San Francisco for $68.5m, the Westin Philadelphia for $145m and the Embassy Suites Philadelphia-Center City for $79m.
The company also sold its Seaview Resort for $20m.
The 201-room Hotel Monaco will continue to be managed by Kimpton Hotel & Restaurants, while the 294-room Westin Philadelphia will continue to be managed by HEI Hotels & Resorts.
The Embassy Suites Philadelphia-Center City is a 288-suite, upscale full-service hotel, which will continue to be managed by HEI Hotels & Resorts.
LaSalle Hotel Properties is a real estate investment trust with 34 upscale full-service hotels in the US.