Greenland USA, a subsidiary of Shanghai-based development firm Greenland Group, is selling the 350-room Indigo Hotel less than a year after it opened in Downtown Los Angeles.

The company’s asking price for the property is $280 milliona target price that would translate into $800,000 per room, a new per-room record for a DTLA hotel. Construction costs for the hotel were estimated at about $600K per room.

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