Thursday, August 26, 2010

S.F. Hotel Monaco sold

San Francisco's Hotel Monaco looks to be changing hands.
Several sources have said that Eastdil Secured quietly marketed the property to roughly half a dozen potential buyers, primarily REITs. The winner is said to be LaSalle Hotel Properties, though Kimpton Hotels CEO Mike Depatie wouldn't confirm that a deal was even in the works, and Eastdil didn't return a call seeking comment.

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