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LaSalle Buys Hotel Solamar for $87M

Downtown San Diego Hotel Trades for $370K Per Room
By Jeff Hitch
September 28, 2006 | 1:07 P.M.

Souldriver LP, an affiliate of LaSalle Hotel Properties, purchased the 235-room, 191,409-square-foot Hotel Solamar at 435 6th Ave. in downtown San Diego. JMIR-Boutique Hotel LLC, an affiliate of Kimpton Hotel & Restaurant Group LLC, sold the property for $87 million, or about $370,200 per room.

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