LaSalle Achieves 5 Cap Rate on Westin Hotel Acquisition in San Francisco

By Jon Peterson Bethesda, Md.- based LaSalle Hotel Properties has purchased the 681-room Westin Market Street hotel in San Francisco at a 5 percent cap rate, according to sources familiar with the transaction. This return is based on the property’s existing net operating income. [contextly_sidebar id="Zxv0DV9pkUiU17Mrp8JmnH1qnnp6ucEq"]The buyer of the property did not respond to several […]