The deal with Marina City Hotel Enterprises is expected to close by April. Bethesda, MD-based LaSalle Hotel Properties already is buying the Westin Michigan Avenue for $215 million from JER Partners. That deal is scheduled to close by March 9. When the House of Blues is added to the portfolio, LaSalle Hotel Properties will have three Downtown properties totaling 2,285 rooms, the majority of those rooms at the Marriott at 540 N. Michigan Ave.
House of Blues Hotel already has a competitor across Dearborn Street in the Westin Hotel. However, Kinzie Development South, LLC, is expected to get a recommendation Thursday morning from the city council committee on zoning for plans that include a 525-room hotel at 400 N. Dearborn St.
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