The struggling Sheraton Universal Hotel is on the market now, real estate brokers said.
The 20-story tower in Universal City is one of the best-known hotels in Southern California, but it has been in financial trouble since the recession hurt tourism.
Los Angeles real estate developer and landlord Lowe Enterprises paid $122 million for the 451-room hotel at the top of the market in 2007 and spent $25 million on improvements. Current prices for similar properties would put its price $90 million, or about $200,000 per room.
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