Income Property Investments Buys 266-Room Motel 6 in Inglewood for $46MM

By Catherine Sweeney In a show of strength for Greater Los Angeles’ hotel industry, hospitality assets continue to be snapped up. In one transaction that closed in May but was only recently recorded, Rancho Cucamonga-based Income Property Investments Inc. purchased a 266-room Motel 6 in Inglewood for $46 million, or about $172,932 per room. The […]