Westin Pasadena Hotel in Calif. is sold to Carey Watermark

The Westin Pasadena hotel in Pasadena, Calif., has been sold to Carey Watermark Investors for $142.5 million. The new owner said that it would renovate the 350-room property, which will remain under management by HEI Hotels & Resorts. Read the GlobeSt.com story here

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