DoubleTree by Hilton Hotel LAX in El Segundo.

DoubleTree by Hilton Hotel LAX in El Segundo.

The 216-room DoubleTree by Hilton Hotel LAX in El Segundo was recently sold for almost $54.1 million, or $110,500 per room, according to CoStar data.

Umbrella Hotel Group purchased the seven-story, full-service hotel, at 1985 E. Grand Ave., from joint venture sellers Pennsylvania-based Argosy Real Estate Partners and San Clemente-based Evolution Hospitality, according to Century City-based Holliday Fenoglio Fowler, which brokered the sale. HFF said it arranged a mezzanine loan with Seattle-based Washington Holdings for about seven years.

The 110,868-square-foot DoubleTree is the only full-service hotel in El Segundo, HFF said, featuring a junior Olympic-sized, heated outdoor pool, along with 3,238 square feet of indoor meeting space and other amenities.

Editor's Note: This story has been updated to correct the sale price of the property, which CoStar had listed incorrectly.

Real estate reporter Neil Nisperos can be reached at Follow him on Twitter @ReporterNeil for the latest in L.A. real estate news.

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