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LaSalle Hotel Properties Closes on $396.2M Acquisition of Park Central in New York

Highgate Hotels Sells 934-Room Manhattan Hospitality Bldg
By Justin Sumner
CoStar News
January 3, 2012 | 4:24 P.M.

LaSalle Hotel Properties (NYSE: LHO) acquired the Park Central Hotel in New York City for $396.2 million, or about $424,000 per room, from Highgate Holdings.

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