Hospitality
AWH Partners Acquires 461-Key Anaheim Hotel for $51MM
(EDITOR’S NOTE: According to public records that were recently made available, the property was sold for $51 million, or approximately $110,629 per room.) ...
Foley Group Acquires 121-Key Luxury Hotel in Santa Barbara for $103MM
(EDITOR’S NOTE: According to public records, the property was sold for $102,896,500, or approximately $850,000 per room. The property was sold by an...
1.9MM SQFT Mixed-Use Development Receives Approval from Downtown Los Angeles Neighborhood Council
LOS ANGELES — Angels Landing has earned the support of the Board of Directors of the Downtown Los Angeles Neighborhood Council (DLANC). Richard...
Timberlane Partners Acquires 95-Key Boutique Hotel in Los Angeles for $38.4MM
By Catherine Sweeney After the COVID-19 pandemic challenged Southern California’s hotel industry, the region is bouncing back with a record amount of hotel...
Hilton’s Luxury Brand to Open 305-Room Conrad Los Angeles
MCLEAN, Va. – Conrad Hotels & Resorts, one of Hilton’s (NYSE: HLT) luxury hotel brands, today announced its debut in California with the signing of...
Witkoff Group Gets $230MM Refinance for EDITION West Hollywood Hotel
Newmark, representing the Witkoff Group, arranged a $230 million refinance of their EDITION Hotel, along West Hollywood’s Sunset Boulevard. J.P. Morgan and Mack Real Estate Credit Strategies...
149-Unit Hotel Redevelopment Opportunity For Sale in Downtown Los Angeles
By Catherine Sweeney Mart South, a fully-entitled adaptive reuse site in downtown Los Angeles, is on the market giving potential buyers the chance...
190-Room Thompson Hollywood Opens in Los Angeles
CHICAGO — Hyatt Hotels Corporation (NYSE: H) is proud to announce the debut of Thompson Hollywood, the luxury lifestyle hotel situated on Wilcox...
Report: Record Transactions Show Strong Belief in Future of California’s Hotel Industry
By Catherine Sweeney Despite the year of uncertainty caused by the COVID-19 pandemic, investors are taking to California’s hotel sector at record numbers....
