PASADENA, CA—Carey Watermark Investors has acquired the landmark Westin Pasadena hotel. The firm paid $142.5 million for the full-service downtown Pasadena hotel which includes 350 guestrooms.

Hillsides, the venerable Pasadena-based foster care charity, raised $560,000 on Feb. 25, at its annual fundraising gala at the Westin Bonaventure Hotel & Suites in Los Angeles. This year’s ...