Chinese Investors Buy Downtown LA Hotel for $105M
A Chinese investment group purchased the Luxe City Center Hotel and 1.34-acre parking lot at 1020 S Figueroa St. for $105 million. Built in 1964, the eight-story, 100,966-square-foot hotel has 178 rooms, and a 6,000-square-foot indoor/outdoor event space that includes a 3,000-square-foot ballroom. The buyer, Shenzhen Hazens Real Estate Group Co., plans to spend at least $250 million to develop ...
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