LaSalle to Buy Hotel Vitale in San Francisco for $130MM

By Jon Peterson Bethesda, Md.-based LaSalle Hotel Properties is under contract to buy a leasehold interest in the 200-room Hotel Vitale in San Francisco for $130 million or $650,000 per room. The public REIT released this information for its fourth quarter and full year 2013 operating results last week. “We’re excited about the Hotel Vitale. […]