Regions West | Los Angeles
JLL Arranges Sale of Sheraton Gateway Hotel at LAX
Aug 21, 2008

Jones Lang LaSalle Hotels is pleased to announce the sale of the fee simple interest in the Sheraton Gateway Hotel at Los Angeles International Airport on behalf of its owners, Kor Hotel Group and its partners. The hotel was purchased by Chicago-based Harp Group and its equity partners Fidelity Investments Real Estate Group and Blue Vista Capital Partners. The hotel is strategically located on West Century Boulevard next to Los Angeles International Airport. Jones Lang LaSalle’s Real Estate Investment Banking team, led by David Christensen and Jeffrey Davis, also secured $65 million in acquisition financing for the Harp Group and its equity partners for the $97 million buy.

 
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