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STAMFORD, CT – Starwood Hotels & Resorts Worldwide, Inc today announced its tech-forward Aloft brand has expanded its presence in California with the opening of Aloft El Segundo – Los Angeles Airpor
STAMFORD, CT – Starwood Hotels & Resorts Worldwide, Inc today announced its tech-forward Aloft brand has expanded its presence in California with the opening of Aloft El Segundo – Los Angeles Airport, the brand’s first hotel in Los Angeles County.
Owned by Rubicon Companies and managed by Aimbridge Hospitality, the hotel recently completed a $20 million conversion project to reposition it as an Aloft. Conveniently located just one mile south of Los Angeles International Airport (LAX), Aloft El Segundo – Los Angeles Airport features 246 spacious, loft-like rooms, intuitive technologies and a buzzing social scene.
ASAP Holdings CEO Frank Yuan and LaGuardia Marriott
New York LaGuardia Airport Marriott and a massive development site have sold for a combined $103 million.
The 443-key Marriott at 102-05 Ditmars Boulevard sold for $86.6 million, and the 1.5-acre development site which could hold a 750,000-square-foot project sold for $17 million, according to property records filed with the city on Friday. The sale closed last month.
The buyer, California-based private equity firm ASAP Holdings, announced the deal on its website without a price, saying it plans housing and a community center on the development site. The firm also explained its hotel purchase, which comes as the larger market continues to endure heavy turbulence.