LOS ANGELES — Jones Lang LaSalle Hotels, on behalf of San Diego-based Pacifica Companies, has completed the sale of the fee-simple interest in the Radisson Hotel at Los Angeles International Airport to Chicago-based Harp Group for $93 million. Located at the intersection of West Century and Sepulveda boulevards in Los Angeles’ LAX submarket, the 580-room hotel features 22 suites, 42,000 square feet of meeting space, a 14,000-square-foot ballroom, four food/beverage outlets, including Palmira Bar & Grill, an outdoor pool and multiple retail tenants. After closing the transaction, Chicago-based Portfolio Hotel & Resorts will assume management of the property.
Hospitality
BURLINGTON, VT. — Rich-Burlington Hotel, LLC has purchased the Doubletree Hotel in Burlington from Lodging North for $17.5 million. The 163-room hotel features 32 suites, 9,000 square feet of conference space and the 125-seat Trader Dukes restaurant. The hotel, situated off Interstate 89, will undergo a product improvement plan. Jim O’ Connell and Tom Foley of O’Connell Hospitality Group represented the seller and introduced the buyer in the transaction.
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