HFF closes the sale of 2-property hotel portfolio near Los Angeles International Airport
LOS ANGELES, CA – July 12, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a two-property, 596-room hotel portfolio comprising an Aloft and Fairfield Inn & Suites proximate to Los Angeles International Airport (LAX) in the Los Angeles-area community of El Segundo, California, for an undisclosed price.
HFF marketed the property on behalf of the seller, Rubicon Companies.
The portfolio comprises the Aloft El Segundo – Los Angeles Airport and the Fairfield Inn & Suites Los Angeles LAX/El Segundo. The Aloft hotel is located at 475 North Sepulveda Boulevard, and the Fairfield Inn property is located less than a block away at 525 North Sepulveda Boulevard. Both hotels are less than one mile from LAX and proximate to both Interstate 105 and 405, which allows for easy access to a variety of Los Angeles area demand drivers, including shopping, restaurants, beaches and more. The 246-room Aloft features the Re:fuel grab-and-go food option, Re-charge 24-hour fitness center, Splash pool, meeting space, Re:mix lounge, W XYZ® bar with cocktails and full food menu and room access via app. The Marriott-branded Fairfield Inn contains 350 rooms and features a complimentary breakfast buffet, outdoor pool, fitness center and meeting space.
The HFF investment sales team representing the seller was led by managing directors Tony Malk and Scott Hall.
About Rubicon Companies
The Rubicon Companies are affiliated hospitality and real estate investment and asset management companies founded in 2011 by Marc Gordon, formerly the president and a member of the Board of Directors of Morgans Hotel Group.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.