Paramount Lodging Advisors Arranges Sale of Residence Inn Los Altos / Palo Alto California

Paramount Lodging Advisors | October 6, 2015

Paramount Lodging Advisors arranges the sale of Los Altos Hotel Associates LLC's interest in the Residence Inn by Marriott Los Altos / Palo Alto, California. October 12, 2015 - Paramount Lodging Advisors (PLA) is pleased to announce the successful sale of Los Altos Hotel Associates LLC's interest in the Residence Inn by Marriott to RLJ Lodging Trust for a purchase price of $70 million or $449,000 per room. The hotel is located at 4460 El Camino Real in Los Altos, California. The hotel caters to extended stay travelers visiting nearby Palo Alto and Stanford University. The hotel's location is proximate to a diverse base of demand genera...