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$46 million
5101 West Century Boulevard (Motel 6)
Rancho Cucamonga-based Income Property Investments bought a Motel 6 near Los Angeles International Airport last June. The 255-key property at 5101 West Century Boulevard sits on a 2.6-acre site off the 405 Freeway. It sold for about $173,000 per room.
The seller is Blackstone affiliate G6 Hospitality, which operates the Motel 6 and Studio 6 economy hotel brands. Income Property Investments took out a $29 million mortgage from East West Bank to fund the purchase.
Contact Christian Bautista