SAN FRANCISCO-LaSalle Hotel Properties hasacquired the Harbor Court Hotel and HotelTriton, both located in San Francisco, for $47.8million.

LaSalle funded the transaction with borrowings from its seniorunsecured credit facility.

“We are very excited to have acquired these two well-locatedassets in one of the strongest markets in the United States,” saidMichael Barnello, president and CEO LaSalle HotelProperties. “After exceeding cyclical prior peak demand in 2011,the market continues to grow. We are equally encouraged by the verylimited supply growth slated for the next several years.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.