LaSalle Hotel Properties has completed the acquisition of two hotels in Philadelphia and one in San Francisco, while selling off an asset in New Jersey.
The Bethesda, MD-based hospitality REIT acquired the 294-room Westin Philadelphia and the 288-room Embassy Suites Philadelphia-Center City from HEI Hotels & Resorts (HEI) for a total of $224 million. HEI will continue to operate the hotels on behalf of LaSalle.
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