Hospitality
Reuben Brothers Seize 190-Key West Hollywood Edition From Witkoff in $211MM Deed-in-Lieu
British billionaires Simon and David Reuben have taken ownership of the West Hollywood Edition on the Sunset Strip, closing out a four-year debt...
Luxury Retail Wave Reshapes West Hollywood’s Sunset Strip as 8850 Sunset Megaproject Lags
A broker-led leasing push is repopulating Sunset Strip storefronts with apparel and coffee brands even as the corridor’s marquee ground-up developments stall on...
Developer Declares Two Dana Point Harbor Hotels ‘Dead’ After OC Supervisors Delay 66-Year Ground Lease Vote
The developer behind a luxury hotel and a surf lodge planned for the $600 million Dana Point Harbor overhaul says both projects are...
Ashford Sells 260-Room Sheraton Mission Valley to Hotel Circle Holdings for $45.25MM in San Diego
Ashford Hospitality Trust has closed the sale of its 260-room Sheraton San Diego Mission Valley to Hotel Circle Holdings for roughly $45.25 million,...
First Element Hotel in San Diego County Opens as 150-Key, $43MM Extended-Stay Bet in Mission Valley
Element San Diego Mission Valley has opened as the first Element by Westin property in San Diego County, a 150-key, wellness-oriented hotel built...
San Manuel Nation’s $33.2MM Purchase of Riverside’s 238-Room Mission Inn Surfaces in County Records
Real estate filings with Riverside County have put a number on a deal both buyer and seller had kept confidential, showing the Yuhaaviatam...
Hilton Irvine Hotel Loan Defaults, Lands in Special Servicing Months Before $44.8MM Maturity
A 306-room Hilton-branded hotel in Irvine has tipped into payment default and transferred to special servicing, leaving its $44.8 million securitized loan facing...
City Pushback Stalls $470MM Sale of Downtown LA’s Oceanwide Plaza Graffiti Towers Until July
A bankruptcy court hearing that would clear the $470 million sale of Downtown Los Angeles’ unfinished Oceanwide Plaza has been postponed to July...
Long Beach Bets $21.3MM on 11,000-Seat Waterfront Amphitheater to Replace Shrinking Oil Revenue
Long Beach opens the F&M Bank Amphitheater, a $21.3 million temporary venue beside the Queen Mary, this week, wagering that an 11,000-capacity concert...
Cara Hotel in Los Feliz Hits the Block Unencumbered, Targeting Mid-$40MM Ahead of LA’s Olympic Cycle
A 60-key boutique asset with an award-winning restaurant comes to market free of brand and management as Los Angeles braces for a three-year...
Seaview Hands Back Keys on 231-Key Residence Inn LAX After $45MM Default
Robert Alter’s hotel firm consented to a court-appointed receiver as Rialto and Cantor moved on the loan, signaling deeper distress across Los Angeles...
Pebblebrook Clinches $43.5MM Sale of Chamberlain West Hollywood, Pushes Disposition Tally Past $1B
The REIT’s retreat from Los Angeles hospitality is now funding debt reduction, preferred equity retirement and share buybacks rather than reinvestment. Pebblebrook Hotel...
