Chesapeake buys L.A’s Ace Hotel for $103M

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Chesapeake buys L.A’s Ace Hotel for $103M

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Chesapeake Lodging Trust has purchased the Ace Hotel Downtown in Los Angeles from Greenfield Partners. The $103 million transaction includes The Theater at Ace Hotel, which is being used as a meeting and event space. Ace Hotel Group will continue to run the 182-room hotel. Read the Los Angeles Times story here

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