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Private Investors Sell Adjacent Hotels in El Monte

City Pays $15 Million for 133 Rooms on Valley Boulevard
The 16,206-square-foot Budget Inn was built in 1984 on two-thirds of an acre in Los Angeles County. (CoStar)
The 16,206-square-foot Budget Inn was built in 1984 on two-thirds of an acre in Los Angeles County. (CoStar)
By Nicole Miller
CoStar Research
January 4, 2021 | 9:22 P.M.

The City of El Monte purchased two adjacent hotels from a group of private investors for $15 million, or about $113,000 per door.

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