LaSalle Hotel Properties Acquire Viceroy Santa Monica
LaSalle Hotel Properties announced that it has acquired a leasehold interest in Viceroy Santa Monica for $80.1 million. In real estate terms, a leasehold interest gives the tenant a limited interest in the property to inhabit for the term of the lease – in this case to operate a hotel.
The hotel is an urban property located in Santa Monica, California and has 162 rooms and 18 suites, with room sizes ranging from 470 to 905 square feet. The luxurious views include ocean, pool and palm. Rooms also come with oversized showers and wired or wireless Internet connections.
A hotel in Santa Monica