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LaSalle Hotel Properties Buys Westin Market Street for $350 Million

Bethesda, MD-Based Firm Closes on Largest Hotel Transaction in S.F. Since 2006
By Bryce Meyers
CoStar News
January 27, 2015 | 3:42 P.M.

Westin Market Street, a 35-story, 681-room hotel located at 50 Third St. in San Francisco's Yerba Buena district, sold to Bethesda, MD-based multi-operator real estate investment trust LaSalle Hotel Properties (NYSE: LHO) for $350 million, or approximately $514,000 per key, in the largest hotel transaction in San Francisco since Chicago-based Strategic Hotels & Resorts' acquisition of the 1,195-room Westin St. Francis in 2006 for $440 million.

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