Hotel Online  Special Report

,

Doubletree Hotel Los Angeles International Airport Sold
.
Colliers International Hotels Acts as Advisor to the Seller
.
El Segundo, CA -- February 16, 2006 -- Colliers International Hotels  announces that it has arranged the sale of the Doubletree Hotel Los Angeles International Airport (LAX) for a price of $30.5 million. 

Bob Kaplan, Bob Eaton and Mark McDermott of Colliers International Hotels advised  the seller, a local partnership, on the transaction. The seller had owned the hotel since June  2003. 
.

.
The seven-story hotel features 215 guest rooms, 4,500 square feet of meeting space, an outdoor swimming pool, and Roxii Restaurant and Bar. Built in 1987, the property is located at 1985 Grand Avenue in the heart of El Segundo’s vibrant office market. The hotel is minutes away from LAX and is adjacent to the world headquarters of toy company Mattel, Inc. 

The buyer is Harp El Segundo, LLC, an affiliate of The Harp Group, Inc. Portfolio Hotels and Resorts will manage the property on behalf of the new owner and the hotel will continue to be affiliated with the Doubletree brand. 

About Colliers International Hotels 

Colliers International Hotels has been a premier provider of brokerage and advisory services to the hospitality industry since 1989. Colliers International Hotels’ U.S. practice is headquartered in San Francisco, and opened a Southern California office in 2005. Colliers International Hotels is part of Colliers International, a global real estate firm that provides a full range of services to commercial real estate users, owners and investors in 248 offices in 51 countries. 

###

Contact:

Bob Kaplan 
Senior Vice President
(949) 724-5593 
bob.kaplan@colliers.com

Bob Eaton 
Executive Managing Director 
(415) 288-7860
bob.eaton@colliers.com

Mark McDermott 
Managing Director
(415) 288-7815
mark.mcdermott@colliers.com
 


To search Hotel Online data base of News and Trends Go to Hotel.Online Search


Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.