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Investor Buys Hermosa Hotel & Cottages in Avalon

Hospitality Property Sells for Nearly $6M
By Ryan Ross
February 25, 2008 | 7:41 P.M.

Mark Malan of Accrued Financial Services purchased the Hermosa Hotel and Cottages, a 100-room hotel at 131 Metropole Ave. in Avalon, CA. Santa Catalina Investment sold the property for $5.9 million or $59,000 per room.

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