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LOS GATOS, CA-Jackson Hole-based MetWest Terra Hospitality has acquired two boutique hotels in Los Gatos for an undisclosed price. The company has purchased the 115-room Toll House and the 102-room Lodge at Tiburon in Los Gatos from Larkspur Hotels.

The two hotels were listed on the market in June 2001 as part of a portfolio jointly owned by Farallon Capital Management and Larkspur. In October, Villa Florence in San Francisco’s Union Square was sold to LaSalle Hotel Properties for $67.2 million. For the full story, go to San Francisco Business Times .

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