{"id":1004148869,"date":"2016-07-29T00:04:23","date_gmt":"2016-07-29T08:04:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004148869"},"modified":"2020-05-13T02:56:42","modified_gmt":"2020-05-13T10:56:42","slug":"interstate-lands-lax-hotel-management-contract","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/interstate-lands-lax-hotel-management-contract\/","title":{"rendered":"Interstate Lands LAX Hotel Management Contract"},"content":{"rendered":"

By Bogdan Odagescu, Associate Editor<\/em><\/p>\n

\"Holiday<\/a>

Holiday Inn Los Angeles-LAX Airport<\/p><\/div>\n

Los Angeles<\/strong>\u2014Interstate Hotels & Resorts<\/a> has been selected to manage the 405-key Holiday Inn Los Angeles-LAX<\/a>.<\/p>\n

Earlier in July, the property was bought by China-based U.S. OCG<\/a>, an Esong Group subsidiary, from CIM Group. The $52.5 million transaction was handled by Infinity Realty Advisors.<\/p>\n

Operating since 1973 and last renovated in 2008, the 12-story property is located at 9901 S La Cienega Blvd., just off Interstate 405. One mile from the Los Angeles International Airport and within a 20-minute drive from Venice Beach and the Santa Monica Pier, the property features complimentary 24-hour airport shuttle service, business center, outdoor heated pool, exercise facility, and 4,000 square feet of meeting space.<\/p>\n

\u201cIt is gratifying to win the confidence of U.S. OCG on their first hotel acquisition in the U.S. As we operated this hotel previously, our specialized market knowledge and depth of brand experience will allow us to continue providing exceptional results and service,\u201d said Don Li, head of Interstate\u2019s Asia Investment Group, in a prepared statement.<\/p>\n

Interstate Hotels & Resorts\u2019 portfolio currently includes 423 managed hotels worldwide.<\/p>\n

Image courtesy of Holiday Inn Hotels<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 405-key Holiday Inn was recently bought by a subsidiary of Esong Group for $52.5 million. <\/p>\n","protected":false},"author":740,"featured_media":1004148871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,1594,21742,21785,15],"tags":[],"class_list":["post-1004148869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-los-angeles","category-latest","category-property-management","category-west"],"acf":[],"yoast_head":"\nInterstate Lands LAX Hotel Management Contract - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/interstate-lands-lax-hotel-management-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interstate Lands LAX Hotel Management Contract\" \/>\n<meta property=\"og:description\" content=\"The 405-key Holiday Inn was recently bought by a subsidiary of Esong Group for $52.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/interstate-lands-lax-hotel-management-contract\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-29T08:04:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-13T10:56:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Holiday-Inn-Los-Angeles-LAX-Airport-e1469612834256.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1022\" \/>\n\t<meta property=\"og:image:height\" content=\"439\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/interstate-lands-lax-hotel-management-contract\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/interstate-lands-lax-hotel-management-contract\/\",\"name\":\"Interstate Lands LAX Hotel Management Contract - 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