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.”

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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.