Globe St.'s Bob Howard reports that Kor Hotel Group has sold the recently renovated Sheraton LAX to Chicago-based Harp Group and two equity partners, Fidelity Investments Real Estate Group and Blue Vista Capital Partners for $97 million. For any secret Sheraton fans that are worried about losing the place: It'll continue to operate as Sheraton Hotels & Resorts. Meanwhile, how's business at that other Curbed-covered LAX hotel, the Custom Hotel? Flickr photo via Bringo.
· Harp Group Buys 802-Room Sheraton for $97M [Globe St]