1841 N. Highland Ave., Los Angeles, CA
The deals helped the developers of the Wilshire Grand and the LA Live Marriott and Ritz Carlton.
Developer Greenland USA reportedly plans to use the profits to help finance construction around the hotel.
The 350-room hotel will rise 18 stories, with a top-floor bar and lounge, and a ground-floor restaurant. Guestrooms are inspired by old-timey film stars, with a focus on Anna May Wong, the first Chinese-American movie star.