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HFF Closes The Sale Of Two-Property Hotel Portfolio Near Los Angeles Airport

Thursday, July 13, 2017
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LOS ANGELES––Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a two-property, 596-room hotel portfolio comprising an Aloft and Fairfield Inn & Suites proximate to Los Angeles International Airport (LAX) in the Los Angeles-area community of El Segundo, California, for an undisclosed price.

HFF marketed the property on behalf of the seller, Rubicon Companies.

The portfolio comprises the Aloft El Segundo – Los Angeles Airport and the Fairfield Inn & Suites Los Angeles LAX/El Segundo. The Aloft hotel is located at 475 North Sepulveda Boulevard, and the Fairfield Inn property is located less than a block away at 525 North Sepulveda Boulevard. Both hotels are less than one mile from LAX and proximate to both Interstate 105 and 405, which allows for easy access to a variety of Los Angeles area demand drivers, including shopping, restaurants, beaches and more. The 246-room Aloft features the Re:fuel grab-and-go food option, Re-charge 24-hour fitness center, Splash pool, meeting space, Re:mix lounge, W XYZ® bar with cocktails and full food menu and room access via app. The Marriott-branded Fairfield Inn contains 350 rooms and features a complimentary breakfast buffet, outdoor pool, fitness center and meeting space.

The HFF investment sales team representing the seller was led by managing directors Tony Malk and Scott Hall.

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