Subscribe
Home Finance City of Los Angeles to Pay $60MM for 294-Room Mayfair Hotel as Part of Inside Safe Initiative
FinanceHospitalityIndustry NewsLos AngelesNews ReleasesResidential

City of Los Angeles to Pay $60MM for 294-Room Mayfair Hotel as Part of Inside Safe Initiative

August 22, 20232 Mins read918
Share
Share

(EDITOR’S NOTE: According to industry reports, the City will pay $60 million, or approximately $204,081 per room, for the hotel and plans to spend an additional $23 million on renovations.) LOS ANGELES – The City Council today approved the purchase of the Mayfair Hotel, which will provide desperately needed permanent interim housing infrastructure to bring […]

Thank you for your interest in The Registry. If you'd like to read further, you must Subscribe or Log In below to read the rest of this content.

Share
58531 Previous post CBS News: Wall St. Gearing Up for Commercial Real Estate Deals

Featured Content

The Heights at Ponte Vista

The Heights at Ponte Vista Features Four Move In Ready Elevated Townhomes 

ByMay 18, 2026


Recent Posts

Studio interior

Netflix Routes $400MM Radford Studio Center Deal Through Nov. 24 Foreclosure Auction, Setting Up Overhaul of Its LA Footprint

ByNovember 13, 2026
apartment buildings

CIM Group Lands $77MM Deutsche Bank Refinance for 242 Units at Coro and The Read in L.A.’s West Adams

November 13, 2026
Temecula, California apartment building at sunset

Advanced Real Estate Acquires 253-Unit Casitas Apartment Homes in Ontario from Benedict Canyon for $56.2MM

November 13, 2026
Outdoor storage

Faropoint Pays $21.5MM for 117,000 SQFT Corona Industrial Building, Ending Seller’s 21-Year Hold

November 13, 2026
Houses from an aerial perspective

Inland Empire Rental-Home Wave Tests Whether Build-to-Rent Outlives Its Pandemic Boom

November 13, 2026
Overhead shot of containers stacked along a grid

Precision Advanced Machining Leases TIAA’s Vacant 144,000 SQFT Industrial Building in Northeast Anaheim

November 13, 2026
Related Articles
Studio interior
CommercialFinanceIndustry NewsLos Angeles

Netflix Routes $400MM Radford Studio Center Deal Through Nov. 24 Foreclosure Auction, Setting Up Overhaul of Its LA Footprint

After a planned third-quarter closing slipped, Netflix's long-negotiated purchase of the 55-acre...

ByNovember 13, 2026
apartment buildings
FinanceIndustry NewsLos AngelesResidential

CIM Group Lands $77MM Deutsche Bank Refinance for 242 Units at Coro and The Read in L.A.’s West Adams

CIM Group has placed a $77 million Deutsche Bank loan on Coro...

ByNovember 13, 2026
Facade of modern apartment building with blue background
FinanceIndustry NewsResidential

Japanese Capital Favors Downside Protection in U.S. Multifamily as Los Angeles Cap Rates Climb

About 60 percent of Japanese real estate investment in the U.S. has...

ByNovember 13, 2026
doctor-tinieblas-PAeV6cqrf8M-unsplash-los angeles hollywood
AECIndustry NewsLos AngelesResidential

Seachange Partners Starts Digging on 45-Unit, Parking-Free Affordable Building at 1248 N. Cherokee Ave. in Hollywood

Seachange Partners has begun excavation for a five-story, 45-unit apartment building at...

ByNovember 13, 2026
© Copyright 2007 - 2025 Mighty Dot Media. All rights reserved.