As Pebblebrook Hotel Trust chairman and chief executive Jon Bortz previously told The Real Deal, “L.A. is a difficult market to sell in today due to unfriendly government policies and the lagging impact from the fires, strikes, ICE, National Guard.” The City of Los Angeles has its share of the regionwide challenges of homelessness and a specific $30 minimum wage for hotel workers and property transfer tax that seems to have investors looking to neighboring municipalities for deals. The transfer tax, known as Measure ULA, didn’t come into play on our ranking of the priciest hotel sales in Los Angeles […]
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