LOS ANGELES Westmont Hospitality Group has selected Jones Lang LaSalle Hotels to market its 132-room Holiday Inn Santa Monica Beach hotel for sale. The property is located at the base of Third Street Promenade and the Santa Monica Pier within walking distance to the Pacific Ocean. High barriers to entry exist for the area, due to the city s restrictions on new hotel development there. The property is offered unencumbered by management. (4/20/01)
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