Foreclosure Drives Corten Real Estate Partners’ $68MM Acquisition of Line Hotel in LA’s Koreatown

Company acquires 390-room property after previous owner defaults on $100 million loan The Line Hotel in Los Angeles' Koreatown has changed hands for $68 million in what represents the largest hotel transaction in Los Angeles County this year, highlighting both the distressed nature of the current hospitality market and the opportunities emerging for well-capitalized buyers. […]