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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