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LOS ANGELES-SRO Housing Trust has acquired the 97-year-old, 264-room Rosslyn Hotel in Downtown L.A. from the JHK Group for $12.1 million, Charles Dunn Co. reports. Eugene Page of Dunn’s Los Angeles office, who represented the seller, describes the property at 112 W. 5th St. on Gallery Row as “a very special asset that has been sensitively maintained and managed, which needed to find the right buyer.”

After several false starts with different would-be purchasers, SRO Housing, which had eyed the property since summer 2007, closed on the deal. “This was a very difficult deal considering the frozen financial markets and the state of governmental finances,” Page said. “It took someone with the heft and influence of SRO to put the extraordinarily complex financing together to get this deal done.”

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