LaSalle Hotel Properties (NYSE:LHO) today announced the acquisition of L’Auberge Del Mar in Del Mar, California for $76.9 million.
LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns interests in 41 hotels of which 39 are owned 100 percent. The 39 wholly-owned properties are upscale full-service hotels, totaling more than 10,300 guest rooms in 13 markets in 9 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group, Highgate Hotels and Access Hotels & Resorts.