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Sheraton Gateway Hotel LAX Sells for $96M

Chinese Development Co Completes First US Acquisition
By Jeffrey Howe
December 18, 2013 | 3:42 P.M.

In its first state-side acquisition, Chinese real estate development company Hazens Investment LLC purchased the Sheraton Gateway Hotel LAX at 6101 W. Century Blvd. in Los Angeles, CA for $96 million, or roughly $120,000 per room.

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