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CHINESE INVESTMENT GROUP BUYS TORRANCE MARRIOTT SOUTH BAY HOTEL

TORRANCE, CALIF. — Sichuan Xinglida Group Enterprises Co. Ltd. has purchased the 487-room Torrance Marriott South Bay hotel for $74 million. The hotel is located at 3635 Fashion Way next to Del Amo Fashion Center. The 17-story Marriott was built in 1985 and underwent an extensive renovation in 2007.

Sichuan Xinglida purchased the hotel through its U.S. subsidiary XLD Group, LLC. This is its first Los Angeles-area acquisition. The seller was DiamondRock Hospitality Company. The transaction was executed by John Strauss, Bob Webster, Tim Southard and Tony Muscio of Jones Lang LaSalle’s Hotels & Hospitality Group.

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