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Airport hotel sold.


Airport Hotel Sold: Chicago-based Harp Group has bought the 582-room LAX Radisson Hotel at 6225 W. Century Blvd. from Pacifica Cos. for $93 million. The LAX Radisson was renovated in 1996 and includes 42,000 square feet of meeting space and a 14,000-square-foot ballroom. There are also four restaurants and bars, an outdoor pool and retail units. The transaction included 4 acres of excess land earmarked for the development of either a parking structure or a Residence Inn by Marriott. Harp Group plans further renovations to the 472,000-square-foot property.

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Title Annotation:Airport Area
Author:Fong, Dominique
Publication:Los Angeles Business Journal
Date:Dec 10, 2007
Words:91
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