LaSalle Hotel Properties Trust acquires Sofitel hotel for $95 million

03/3/2010 | GlobeSt.com

LaSalle Hotel Properties acquired a Sofitel hotel in downtown Washington from a joint venture for $95 million. It was not a distressed sale, according to the REIT. Few hotels in the Washington area are in distress, which is why sales have been very rare. LaSalle plans to hold its new acquisition for several years.

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