The Graciela Burbank, a 99-room boutique hotel near Warner Bros. Studio Ranch, has been sold to a Maryland hotel developer. LaSalle Hotel Properties will pay $36.5 million for the hotel at 322 N. Pass Ave. and a nearby 7,270-square-foot parcel of land. The four-story property, which opened in 2002, includes 15 suites, 64 rooms with kitchens and 11 apartment-style rooms. The facility also houses a 44-seat lounge, 1,400-square-foot meeting space and 840-square-foot rooftop space. The property will be managed by Encino-based Outrigger Lodging Services, which also runs LaSalle’s three properties in West Hollywood.
