LaSalle Drops $144M On Hotel Palomar
Kimpton will continue to manage the hotel, located near Washington's Dumont Circle and Embassy Row neighborhoods, according to the announcement. The acquisition was funded with $46.6 million in proceeds from LaSalle's at-the-market stock sale program and borrowings from the company's senior unsecured credit facility, according to LaSalle.
“The hotel is in great physical condition and offers...
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