LaSalle Hotel Properties has bought the Villa Florence in San Francisco, California, US, for $67.2m.

The 182-room property features 23 suites, 6,955ft² of retail space, two food and beverage outlets, a restaurant and a bar.

The hotel also offers 1,625ft² of meeting space, a fitness centre, a business centre and concierge service.

The Villa Florence, which recently underwent a $10m renovation, will be managed by JRK Hotel Group, which manages LaSalle’s Hotel Roger Williams in New York.