LaSalle Hotel Properties has paid $170 million, or about $579,470/room, for the 298-room Liberty Hotel in Boston's Beacon Hill neighborhood.
The seller, HEI Hotels & Resorts of Norwalk, Conn., had acquired a stake in the hotel from Multi-Employer Hotel Partners, a fund managed by Bentall Kennedy, in January 2011. Multi-Employer Hotel Partners had partnered...
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