Tysons, Virginia-based Park Hotels & Resorts Inc. sold the historic Ace Hotel Downtown Los Angeles for $117 million, or $643,000 per room, to an undisclosed buyer in the second-highest price paid for a hotel in Los Angeles of the year.
Historic Ace Hotel in Downtown Los Angeles Sells for $117 Million
Virginia-Based Park Hotels & Resort Plans to Use Proceeds to Pay Down Debt
CoStar News
December 27, 2019 | 9:13 P.M.
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IN THIS ARTICLE
- Properties
- STILE Downtown Los Angeles by Kasa
929 Broadway, Los Angeles, CA
- Companies
- Park Hotels & Resorts
Real Estate