Hotel Viking in Newport, R.I., bought for $77M

Officials at the historic Hotel Viking in Newport, R.I., say a Texas-based firm bought the hotel for $77 million.

Dallas-based LSREF3 Viking Tenant bought the 1926 hotel from a subsidiary of LaSalle Hotel Properties of Bethesda, Md. Hotel Viking is listed on the National Register of Historic Places and is a member of the Historic Hotels of America, a program of the National Trust for Historic Preservation. The five-story brick hotel has 208 guestrooms and suites, and more than 13,000 square feet of event space.

A spokesman for the hotel’s management company says the firm will continue to run the hotel as it has for the last 15 years

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