LaSalle invests $292.5 million in 3 hotel acquisitions

LaSalle Hotel Properties has paid a total of $292.5 million to acquire three separate hotels. The company purchased San Francisco's Hotel Monaco for $68.5 million, the Westin Philadelphia for $145 million and the Embassy Suites Philadelphia-Center City for $79 million. Kimpton Hotels sold the Hotel Monaco, and the company will continue to manage the 201-room property.

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Bloomberg Businessweek · American City Business Journals

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