LOS ANGELES Jones Lang LaSalle Hotels has been retained to arrange the sale of a six-property upscale boutique hotel portfolio of five California coastal sites and one in Savannah, GA.
Breaking word on this acquisition opportunity at the UCLA Hotel Investment Conference here, LaSalle EVP/head of West Coast operations Arthur Buser noted that the portfolio includes the Spindrift Inn, Monterey Bay Inn, Victorian Inn and Hotel Pacific in the Monterey-area, the Inn at Laguna Beach, and Marshall House in Georgia. All told, the collection of hotels, which are unencumbered by management contracts, encompasses 400 rooms. (1/16/01) Michael Billig