LOS ANGELES—Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of a two-property, 596-room hotel portfolio comprising an Aloft and Fairfield Inn & Suites near Los Angeles International Airport (LAX) in El Segundo, CA, 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 Blvd., and the Fairfield Inn property is located less than a block away at 525 North Sepulveda Blvd. Both properties are less than one mile from LAX and close to Interstate 105 and 405.
With 245 rooms, the 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 has a complimentary breakfast buffet, outdoor pool, fitness center and meeting space.
HFF’s Managing Directors Tony Malk and Scott Hall represented the seller.