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NY Investor Acquires Holiday Inn on La Cienega for $40M

Group Sells 405-Room Hotel in L.A.
By Michelle Sheahan
August 9, 2007 | 3:55 AM

Brisam LAX (DE) LLC, of Floral Park, NY, purchased 9901 S. La Cienega Blvd. in Los Angeles from LAX Airport Hospitality LLC for $40 million, or about $98,765 per room, with a 6.5% cap rate.

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