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Key Points
Ketu Amin is under contract to buy The Westin Michigan Avenue Chicago for about $72 million.
Pebblebrook Hotel Trust, the current owner, acquired the Westin in 2018 for $156 million and previously, LaSalle bought it in 2006 for nearly $215 million.
The property includes two aging towers that opened about a decade apart: a 15-story west tower (1963) and an adjoining 26-story east tower (1972).