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Transactions

Aug. 14, 2001

Jeffer Mangels: CLASSIC HOTELS OF PHOENIX FINDS ITS ROOM AT LAGUNA INN

An undisclosed affiliate of London's UBS Warburg has sold the Inn at Laguna Beach to privately-held Classic Hotels & Resorts of Phoenix. The 70-room, oceanfront property in Laguna Beach sold for $19.3 million.

        An undisclosed affiliate of London's UBS Warburg has sold the Inn at Laguna Beach to privately-held Classic Hotels & Resorts of Phoenix. The 70-room, oceanfront property in Laguna Beach sold for $19.3 million.
        UBS Warburg it the investment banking arm of UBS, Switzerland's largest bank.
        Classic Hotels & Resorts, a subsidiar...

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